Cory Thompson

Mid America Mortgage, Inc.

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CORY THOMPSON
NMLS ID 225056 • Located in Texas
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Cory Thompson February 1, 2016

What’s Ahead For Mortgage Rates This Week – Feburary 1, 2016

Last week’s economic events included S&P Case-Shiller’s home price indexes, reports on new and pending home sales and the Fed’s FOMC statement. The details:

Filed Under: Market Outlook Tagged With: Case-Shiller, FOMC, Freddie Mac, Market Outlook

Cory Thompson January 29, 2016

Video: What Is “Prime”?

What Is Prime? The Prime Lending Rate – sometimes just called “Prime” – is the interest rate that banks charge each other for overnight loans. Some consumer rates – like ARMs – are set in relation to Prime.

Filed Under: Mortagage Tips Tagged With: Mortgage Tips, Video

Cory Thompson January 28, 2016

FOMC Statement: Fed Holds Steady on Rates

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, FOMC, Janet Yellen, Market Outlook

Cory Thompson January 28, 2016

FOMC Statement: Fed Holds Steady on Rates

According to statement issued at the conclusion of today’s Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December’s rate hike.

Filed Under: Market Outlook Tagged With: Federal Open Market Committee, FOMC, Janet Yellen, Market Outlook

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Cory Thompson

Cory Thompson


Mortgage Loan Originator
Mobile 832.347.1855
Office 281.218.0505

NMLS ID 225056

Legend Lending

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