The Federal Reserve kept short-term rates where they are when its decision was released at the end of yesterday’s April Federal Open Market Committee meeting. Committee members will also continue the current level of spending on mortgage-backed securities (MBS). Both moves mean good things for mortgage rates.
Spring is here, and with it comes home buying season. If you’re in real estate, it’s about to get really interesting. There are also some unique challenges you and your buyers might be confronting in the market now. Let’s get to what you need to know.
The Federal Reserve kept things fairly status quo in their most recent statement at the conclusion of a 2-day meeting of the Federal Open Market Committee. Moreover, at least in terms of short-term rates, there are no plans to stray in the near future.
It’s been a couple of weeks since we last checked out what’s going on in the markets and a lot has happened, but real estate agents can be thankful they’re not stock traders on a wild ride right now. The housing market just keeps humming along. Let’s find out what happened.
The Federal Reserve concluded its January meeting this past Wednesday. They kept short-term rates where they are right now, but that much was expected. The difference is in the details.