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View Full Version : Intrest Rate Q


Hoover
03-01-2005, 04:42 PM
Is there an exact date in June when the Fed meets and can raise intrest rates?

Hoover
03-01-2005, 04:43 PM
I know they don't really raise interst rates directly but you know what I mean.

I'm holding out on making an offer, but want my ducks in a row before the June meeting.

Fat Elvis
03-01-2005, 04:54 PM
Mortgage rates don't necessarily correlate with moves that the fed makes. The fed has raised rates six times in the past year or so, but mortgage rates have actually dropped a bit in that timespan. That said, mortgage rates are going back up pretty much regardless what the fed does in March.

Hoover
03-01-2005, 04:56 PM
why March?

Fat Elvis
03-01-2005, 05:46 PM
why March?

I thought the fed was meeting in march...I may be mistaken. It is generally assumed that they will continue to raise rates another .25%.