by The 2 Mortgage Guys | Feb 6, 2023 | First Time Homebuyers, Government, Indiana Mortgage Blog
Let’s shed some light on how the mysterious and influential Federal Reserve affects mortgage rates. First off, let’s start with what a mortgage is. It’s a loan that is used to purchase a home, and the interest rate on a mortgage determines the amount...
by The 2 Mortgage Guys | Oct 28, 2015 | Indiana Mortgage Blog
It’s been a while since the Feds have hiked rates, and experts are trying to determine just when to bump them up again. The U.S. Federal Reserve’s Federal Open Market Committee (say that 10 times fast) recently adjourned, and they left rates unchanged. But...
by The 2 Mortgage Guys | Mar 22, 2011 | General News & Information, Government, Indiana Mortgage Blog
WASHINGTON (AFP) – The US Treasury Department on Monday said it would start selling-off mortgage-backed securities worth an estimated $142 billion, in an effort to close another chapter of the financial crisis. The department said each month it will offload up to $10...
by The 2 Mortgage Guys | Mar 15, 2011 | First Time Homebuyers, General News & Information, Government, Indiana Mortgage Blog
The Federal Open Market Committee meets today in Washington D.C. The FOMC is a special group within the Federal Reserve, led by Fed Chairman Ben Bernanke, and consisting of 12 members. The FOMC’s official schedule calls for 8 meetings annually at which it...
by The 2 Mortgage Guys | Feb 18, 2011 | General News & Information, Government, Indiana Mortgage Blog
The Federal Reserve released its January 25-26, 2011 meeting minutes Wednesday afternoon. Indiana mortgage rates have been in flux since. Fed Minutes are comprehensive recaps of Federal Open Market Committee meetings; a detailed look at the debates and...
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