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A survey conducted by the National Association of Business Economists found that a 42% of business economists expect the Federal Reserve to increase interest rates by between a quarter and a half percentage point within the next six months. The Federal Reserve is expected to end its $1.25 trillion purchase program of mortgage-backed securities by the … Continue reading Economists Predict Interest Rates Will Rise in Six Months According to a recent report by Mortgage Daily, a national mortgage industry news publication, employment in the mortgage industry expanded in 2009, after over 100,000 jobs were lost over the last three years. During 2009, net mortgage employment increased by 8,321 jobs, showing a marked increase from 2007 and 2008 when the industry lost 36,766 jobs … Continue reading U.S. Mortgage Industry Grew In 2009 A recent article in the Washington Post suggests that the Federal Reserve may consider restarting its program for purchasing mortgage-backed securities if the economy does not show signs of recovery. With the $1.25 trillion program scheduled to end in March, speculation over the fate of the mortgage industry and housing market remains high. In two interviews … Continue reading Should The Federal Reserve Continue Its Purchase Program for Mortgage-Backed Securities? Mortgage Backed Securities are mixed today but still in positive territory. RATES are ON FIRE today. Take a look and take advantage of them while you can. We’re still right at resistance and the market can go either way and fast. The FOMC announcement is in 60 minutes. Earlier this morning the Commerce Department reported that … Continue reading Affordable Financial Services’ Mortgage Market Report |
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