I am going to attempt to write a “live post” today to illustrate how mortgage rates may change based on data that is released throughout the day and market reactions. Please keep in mind that despite my best efforts, sometimes a “live post” can be a bit challenging…we’ll give it a try!
What May Impact Mortgage Rates this Week: September 15, 2014
September 17, 2014 by 1 Comment
This is a painting on black velvet that I did of our Fed Chairwoman, Janet Yellen, that hangs in my office. All eyes and ears will be on the Fed after the two day meeting FOMC meeting wraps up today. Here are some of the economic indicators scheduled to be released this week:
Just for Fun: Black Velvet Janet Yellen
May 30, 2014 by 2 Comments
You may or may not know that one of my hobbies is painting. I especially enjoy painting on black velvet and recently completed a painting of our Federal Reserve Board Chair, Janet Yellen.
Because it’s Friday… I thought I’d share it with you just for fun.
Ms. Yellen is now hanging in my office at Mortgage Master Service Corporation.
You can see more of my artwork at www.rhondaporterart.com
Fed to continue to prune support of mortgage backed securities
March 19, 2014 by Leave a Comment
Mortgage rates trended higher this afternoon after the Fed stated they will prune another $10 billion per month from their bond buying program which has been keeping mortgage rates artificially low.
From the FOMC Press Release:
The Fed says Easy Squeezy $10B
January 30, 2014 by Leave a Comment
Yesterday wrapped up the Fed’s two day meeting and, as expected, there was no change to Fed Funds rate. They did announce in their statement they will ease off another cool $10 Billion per month starting in February of their mortgage backed security purchase program.
From the press release:
