Patrick Jones

First Trust Home Loans

  • Home
  • About Patrick
  • Reviews
  • Blog
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
  • Download My App
  • Contact
You are here: Home / Archives for Federal Open Market Committee

FOMC Statement: Fed Holds Steady on Rates

January 28, 2016 by Patrick Jones

According to statement issued at the conclusion of today's Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December's rate hike.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, FOMC, Janet Yellen, Market Outlook

FOMC Statement: Fed Holds Steady on Rates

January 28, 2016 by Patrick Jones

According to statement issued at the conclusion of today's Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December's rate hike.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, FOMC, Janet Yellen, Market Outlook

What’s Ahead For Mortgage Rates This Week – December 21, 2015

December 21, 2015 by Patrick Jones

Last week's scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen's press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, FOMC, Jobless Claims, Market Outlook, NAHB

Federal Reserve Raises Short-Term Interest Rates

December 17, 2015 by Patrick Jones

After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a range of 0.00 to 0.25 percent to be effective December 17.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, Federal Reserve, Market Outlook

What’s Ahead For Mortgage Rates This Week – December 14, 2015

December 14, 2015 by Patrick Jones

Last week's scheduled economic releases included reports on job openings, retail sales and consumer confidence in addition to usual weekly releases on mortgage rates and new jobless claims.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, Freddie Mac, Market Outlook

  • 1
  • 2
  • 3
  • Next Page »
Patrick Jones Headshot

Get in Touch


Patrick Jones
Mortgage Lender

Call 615.668.6838
Email: pjones@myfthl.com
NMLS #203203
First Trust  Mortgage Logo

How can I help?


0 / 180

Connect with Patrick!

Browse Articles by Category

Recent Articles

  • Mortgage Interest Rate Versus APR: What To Know
  • Navigating A Market With Higher Interest Rate
  • Understanding Mortgage Pre-Approvals and How to Avoid Being Declined for One
  • What’s Ahead For Mortgage Rates This Week – March 20, 2023
Patrick Jones NMLS# 203203
F&M Mortgage NMLS# 518158
Equal Housing Lender

Looking for something?

Our Location


1639 Medical Center Pkwy
Murfreesboro, TN 37129

Copyright © 2023 · Powered by MySMARTblog