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Fed Meeting Minutes Reflect Support For Reducing QE Program

The minutes of last month’s Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fed’s current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower long-term interest rates including mortgage rates.

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Clever Ways To Pay For A Renovation Of Your Home

So you want to renovate your home, but you don’t have the cash at the moment for the project and you don’t qualify for a home equity line of credit? What can you do to get the money you need to upgrade your property?

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What's Ahead For Mortgage Rates This Week – August 12, 2013

Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans.

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