Joe Tartamosa-NMLS 161710-Cardinal Financial

01/25/2026

08/26/2016

Quiet Week

With a speech from Fed Chair Yellen set for the end of the week and few surprises in the economic data, mortgage rates barely moved during the first four days of this week. On Friday, Yellen's speech caused some volatility , but also had little net impact. Mortgage rates ended the week slightly lower.

There were few surprises in Yellen's speech. She said that the solid performance of the economy means that "the case for an increase in the federal funds rate has strengthened in recent months." However, she provided no indication of the expected timing of the next rate hike. Of note, she said that bond purchase programs would remain a primary tool for the Fed to respond to economic weakness. As an example, she suggested that the Fed could purchase an additional $2 trillion in bonds in the event of a recession. As indicated by the futures market, investor expectations for the timing of the next Fed rate hike were little changed after her speech.

08/19/2016

Credit is the largest contributing factor to your interest rate. Do you know how your credit score is determined? Learn all the basics by reading our guide so that you can get the perfect mortgage!
https://www.apexhomeloans.com/improve-your-credit-score-guide-to-understanding-your-credit

Download Apex Home Loan's Guide to Understanding Your Credit. Improve your credit score and find out why it matters.

08/19/2016

Summer will soon be winding down, so ramp up your seasonal meals!
https://www.buzzfeed.com/christinebyrne/31-amazing-things-to-cook-inaugust?
utm_term=.po60PdaNO #.ymdZJq0v8