Mortgage Rates Drop in Spite of Fed

In January of 2014, everyone was interested in what the Federal Reserve System was going to announce in regard to mortgage interest rates.  The Fed meets eight times a year and the Federal Open Market Committee (FOMC) follows with a public statement.  The big topic was where mortgage interest rates were headed following the Fed's analysis.  Arizona Mortgage Lenders are interested in anything relative to the direction of mortgage rates.  The committee analyzes what the Fed says about overall … [Read more...]