What’s Ahead For Mortgage Rates This Week – May 12, 2014

Results from a Federal Reserve survey of senior bank loan officers indicated that lenders have held the line on prime lending standards and have raised standards for sub-prime and non-traditional home loans. Survey respondents represented 74 U.S. banks and 23 foreign banks. Survey respondents also said that demand for mortgage loans was lower; this could be an unintentional result of tight credit standards for mortgage loans. Analysts said that tight credit requirements and less demand for home loans could mean more trouble for the housing industry. Home Prices Rise In March, But At Slower Rate The annual rate of increase…
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Fed Considers Future of Quantitative Easing

The Federal Open Market Committee (FOMC) released minutes from its January meeting last Wednesday, as it generally does three weeks following the most recent meeting.   The FOMC is a committee within the Federal Reserve System tasked with overseeing the purchase and sale of US Treasury securities by the Fed. The Federal Reserve makes key decisions regarding interest rates and looks to this committee for advice on how and when to take action. The Future Of Quantitative Easing One of the main topices that Fed leaders discussed was the future of its ongoing program of quantitative easing (QE). Currently, the…
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