Tag: federal reserve

Affect on Mortgage Rates from Bernanke Announcement

Posted on June 20, 2013 by - Buying a Home, First Time Home Buyer, Local Michigan, Mortgage Tips, Refinance

Federal Reserve chairman Ben Bernanke announced today that they may be easing the quantitative easing programs as early as this year.  This program includes the purchases of mortgage backed securities (MBS) which are the packaged residential mortgages sold by banks and mortgage companies.  The slowing of these purchases would take affect if the unemployment rates… Read more »

Fed Rates to be Low Until 2014

Posted on January 26, 2012 by - Local Michigan

The feds have just announced that they will be keeping the Federal Reserve rates low until 2014.  In the past they announced that rates would remain low until the middle of 2013, which helped the market confidence and ensures recovery.  The recovery has been present however it has not been as “booming” as economic analysts… Read more »