Mortgage Home Loans by Sean Young

Colorado Home Loans | NMLS: 191647

  • Contact
    • Contact Sean
    • About New American Funding
    • About Sean
  • Loan Programs
    • FHA Home Loans
      • FHA Home Loans
    • VA Home Loans
      • VA Funding Fee Table
      • VA Home Loans
    • Metro Mortgage Assistance Plus
  • Testimonials
  • Apply Now
  • Blog
  • Metro Mortgage Assistance Plus
  • RealtorĀ® Resources
    • Agent Mastermind Webinars
  • Mortgage Info
    • Mortgage Calculator
    • Closing Costs
    • Document Checklist
    • Home Appraisal
    • Home Inspection
    • Interest Rates
    • Loan Process
    • Mortgage FAQ
    • Mortgage Glossary

FOMC Noted Retail Sales In March Reached Highest Level Since September Of 2012

May 1, 2014 by Sean Young

FOMC Noted Retail Sales In March Reached Highest Level Since September Of 2012The FOMC of the Federal Reserve released its customary statement after its meeting concluded April 30.

FOMC members said that the economy is improving after a winter lull caused by poor weather. The national unemployment rate remains high, although some improvement in labor markets was reported. Fiscal policy is restraining economic growth, although FOMC said that the restraint is diminishing.

FOMC Monitors Inflation, Further Reduces Asset Purchases

The FOMC statement reflected members’ concerns about the inflation rate remaining below its goal of two percent, and said that this could eventually impact economic recovery. The Fed expects inflation to approach its goal within the “medium term.”

The Fed will reduce its monthly asset purchases of mortgage-backed securities and Treasury securities to a total of $45 billion in May. FOMC members said that the Fed’s level of asset purchases is sufficient to maintain downward pressure on long term interest rates and to support mortgage markets.

The Fed expects to continue reducing its asset purchases as long as improvements in the labor market and general economic conditions occur. As of March, the national unemployment rate was 6.70 percent; the Fed previously established a goal of 6.50 percent unemployment as an indicator of economic recovery.

The statement included its usual comment that asset purchases are not on a pre-set course and that FOMC members monitor economic reports and other financial data on an ongoing basis as part of the FOMC’s decision making process.

Fed Funds Target Rate Unchanged

FOMC members agreed to maintain the Fed’s current “highly accommodative” monetary policy and left the target Federal Funds rate at between 0.00 and 0.25 percent. The committee expects this policy to continue long after the asset purchase program concludes.

FOMC members will continue to monitor economic and financial developments along with inflation to determine the course of the target federal funds rate.

The FOMC noted that retail sales in March reached their highest level since September of 2012; this was viewed as a sign of a stronger overall economy.

This FOMC statement mentioned inflation as a basis for reviewing monetary policy more than in recent statements, and clearly established maximum employment and the committee’s target two percent inflation rate as benchmarks for decisions related to future policy decisions.

April’s unemployment rate is set for release on May 2.

Sean Young

Sean has been a Mortgage Loan Officer in the great State of Colorado for the last 25 years, a nationally recognized real estate blogger who loves teaching Social Media, Real Estate Technology, and Continuing Education classes. Sean provides weekly Real Estate Agent Tuesday Webinars that give the latest marketing strategies and tips on how to grow, build, and increase your visibility, credibility, and brand as a Real Estate Agent. Looking for a Home Loan? Sean and his team can provide you with the expertise, professionalism, and customer service that will ensure that your transaction goes smoothly.

Filed Under: Uncategorized Tagged With: FOMC, Housing Analysis, Housing Market

Sean Young Loan Officer
Click Here
to Apply Now →

Get a Rate Quote →

Five Star Mortgage Professional
VAREP
Top Mortgage Broker in Denver

Connect with Me!

Mortgage-Backed Securities & Treasuries - Click Below for More Information

Loan Program of the Month

Visit Sean's profile on Pinterest.
Sean Young

Browse Articles by Category

Search for a specific subject

Recent Articles

  • How To Avoid Delays When Remodeling
  • The Best Ways To Get To Know Your Neighbors
  • Save Money On DIY Projects Around The House
  • The Top Tech Upgrades For Your Home During A Home Improvement Project
Equal Housing LendingNMLS Consumer Access


DORA

Our Location


5299 DTC Blvd Suite 300
Greenwood Village, CO 80111

Copyright © 2022 · Powered by MySMARTblog