Categories for News
Whether you’re a first-time buyer or an industry professional, it’s important to stay up-to-date on all mortgage news. Let’s review some of last week’s news and make predictions for the month of November.
MILFORD, CT / ACCESSWIRE / August 27, 2019 / Total Mortgage Services, a nation-wide mortgage lender based in Connecticut, has recently been named the fastest growing mortgage company in Massachusetts through the first six months of the year, posting a YoY growth rate of 875%, according to The Warren Group, publisher of Banker & Tradesman. The... View ArticleRead More
FOMC still optimistic about economy The Federal Reserve’s Federal Open Market Committee (FOMC) concluded their two day meeting this afternoon with a written statement. With no post meeting press conference from Fed Chair Janet Yellen this time around, all of the focus was on the written announcement. There were really no surprises, with the main takeaway being... View Article
FOMC ends meeting with rate hike The Federal Reserve’s Federal Open Market Committee (FOMC) concluded their two day meeting this afternoon with a written statement that declared they raised the target range for the nation’s benchmark interest rate–the federal funds rate–by a quarter point to 0.75%-1.00%. It was a nearly unanimous vote, with only one dissent... View ArticleRead More
According to the minutes from the Federal Open Market Committee (FOMC) meeting on Jan. 31-Feb. 1, Federal Reserve officials think that an increase in the federal funds rate might be appropriate “fairly soon.” Here is the main quote that financial market participants have picked up on: “Many participants expressed the view that it might be appropriate to... View ArticleRead More
Federal Reserve Chair Janet Yellen finished up speaking in Washington, D.C. today. Starting on Tuesday, she appeared before congress for her semiannual testimony on monetary policy. Day 1 was before the Senate banking Committee, and Day 2 was before the House Financial Services Committee. Whenever the Fed Chair makes public statements, financial market participants keenly... View Article