EZ Mortgage Monitor – June 3, 2016

What’s going on with mortgage rates? Basically?  We’ve been range-bound for the better part of two years, bracketed on the lower side at about 3.625%, barely a sliver above the lowest rates in history that touched about 3.375%.  And, on the high side, high being a relative term, at about [...]

June 6, 2016|

EZ Mortgage Monitor – December 19, 2015

We have liftoff! The Federal Open Market Committee finally took their first steps towards normalizing monetary policy. There’s still a looooong way to go but, the first steps were taken last week. We haven’t seen an increase in the Federal Funds rate since 2006, and there hasn’t been any shift [...]

December 19, 2015|

EZ Mortgage Monitor – September 18, 2015

Happy Post-Fed Friday! If you weren’t paying attention, you may have missed it. The policy statement of the FOMC really didn’t change at all from their July statement. But they did insert the following sentence: “Recent global economic and financial developments may restrain economic activity somewhat and are likely to [...]

September 18, 2015|

EZ Mortgage Monitor – June 17, 2015

Please fasten your seat belts. Put your tray tables in their upright and locked position. We hope you’ve enjoyed your stay at this historic floor in interest rates. We’re preparing for liftoff… That was the gist of Federal Reserve Chair Janet Yellen’s post Federal Open Market Committee meeting press conference. [...]

June 17, 2015|

EZ Mortgage Monitor – April 10, 2015

Where do we go from here, economically speaking? It’s begun to be a boring question, because we’ve been here so long. We’re almost nine years removed from the last time the Federal Open Market Committee (FOMC) raised the target Federal Funds rate at their June 29, 2006 meeting. The Fed [...]

April 10, 2015|

EZ Mortgage Monitor – January 2, 2015

Happy New Year! I hope the College Football Playoff season is treating you and yours well… Last year, well, since May of 2013, really, I pretty much felt like we’d seen the floor in interest rates, and they’d be on a slow, steady plod higher. Although that was true for [...]

January 2, 2015|
Go to Top