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Mortgage Rates
National Average   % Change
30 Yr FRM 3.87% 0.00%
15 Yr FRM 3.16% 0.02%
1 Yr ARM 2.78% 0.02%
5/1 Yr ARM 2.83% 0.03%
30 YR 3.13% 0.03%
Fed Prime 3.25% 0.00%
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Notice: 'Top News' and 'Fed and Economy Watch', have been combined into a new channel called 'MND Newswire'. Check back daily for the latest housing and economic news.

The new url for MND Newswire is http://www.mortgagenewsdaily.com/news/

FOMC Extends Meetings to Two Days

In an effort to allow additional time for discussion, the U.S. Federal Reserve announced on Friday that all meetings of the Federal Open Market Committee in 2009 and 2010 will be extended to two days from one.

Consequently, all of the central bank's monetary policy announcements will be delivered one day later, on Wednesdays rather than Tuesdays.

 

The announcement comes at a busy time for the U.S. Federal Reserve, which is engaged in various extraordinary lending programs that have propped up its balance sheet by over $2.0 trillion.

By Erik Kevin Franco and edited by Sarah Sussman
©CEP News Ltd. 2009

Filed under: ,
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.85%
  • |
  • 15 Yr FRM 3.23%
  • |
  • Jumbo 30 Year Fixed 4.10%
MBS Prices:
  • 30YR FNMA 4.5 106-22 (-0-04)
  • |
  • 30YR FNMA 5.0 108-02 (-0-04)
  • |
  • 30YR FNMA 5.5 108-31 (-0-02)
Recent Housing Data:
  • Mortgage Apps -1.01%
  • |
  • Refinance Index 0.83%
  • |
  • NAHB Builder Confidence 16.00%

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.85%
  • |
  • 15 Yr FRM 3.23%
  • |
  • Jumbo 30 Year Fixed 4.10%
MBS Prices:
  • 30YR FNMA 4.5 106-22 (-0-04)
  • |
  • 30YR FNMA 5.0 108-03 (-0-03)
  • |
  • 30YR FNMA 5.5 108-32 (-0-01)
Recent Housing Data:
  • Mortgage Apps -1.01%
  • |
  • Refinance Index 0.83%
  • |
  • NAHB Builder Confidence 16.00%
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