If you are planning to buy or sell a home, you will want to enlist the services of a real estate agent. But sometimes homebuyers and homeowners worry about paying for the services of a real estate agent. After all real estate agents put an enormous amount of time and energy working for clients. They deserve to be compensated, but where does the money come from? When You Buy A Home When you contract with a real estate agent to buy a home, you do not pay the agent anything at all. In fact, they do … [Read more...]
What’s Ahead For Mortgage Rates This Week – June 15, 2020
Last week’s economic reporting included readings on inflation, the post-meeting statement from the Fed’s Federal Open Market Committee, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Inflation Ticks Up in May May’s Consumer Price Index moved from April’s reading of -0.80 percent to -0.10 percent. The Core Consumer Price Index, which excludes volatile food and energy sectors, rose to -0.40 percent in May as compared to … [Read more...]
Fed’s Open Market Committee Holds Key Rate Steady
The Federal Reserve’s monetary policy committee decided against changing the Fed’s benchmark interest rate range of 0.00 to 0.25 percent. The Federal Open Market Committee said in its post-meeting statement that it is not considering raising rates until 2023. Two of 17 FOMC members felt that the Fed’s key rate may rise in 2022. Fed Approves Quantitative Easing Measures Committee members also stabilized the Federal Reserve’s ongoing purchases of Treasury bills and … [Read more...]
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