Last week ended with mortgage rates on hold at the best levels of our lifetime following a weaker than expected Employment Situation report. The most anticipated event in the week ahead is the Federal Open Market Committee’s meeting, where our nation’s monetary policy is set. It is widely accepted that there will be no change to the current Fed Fund rate of 0 to .25%; however, market participants will scour the statement for any hint of future monetary policy and the Fed’s outlook on the economy. As far as economic data, the highest impacting reports will be released on Friday when we get three reports on the health of the American consumer. First out will be a read on inflation at the consumer level with the Consumer Price Index. Released at the same time will be the Retail…(read more)
Mortgage Rates Steady at All-Time Lows Ahead of FOMC
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