President Barack Obama will make a three-state swing next week to call on Congress to prevent interest rates on student loans from doubling. The White House says Obama will speak at universities in North Carolina, Colorado and Iowa. All three are key general election battleground states. College-aged voters are also a critical constituency for the [...] [...]
World stock markets rose Thursday after the U.S. Federal Reserve pledged to keep interest rates low until late 2014 to nurture the country’s stubbornly slow economic recovery. The Fed cut rates to near zero in December 2008 during the financial crisis and has held them there ever since. The announcement that it expected rates to [...] [...]
The fear of missing out on historically low interest rates spurred first-time homebuyer activity in November, according to a Campbell-Inside Mortgage Finance study. “The recent surge in interest rates has made potential homebuyers nervous,” said the survey’s Director Thomas Popik. “If rates go up much more, then a good percentage of them will no longer [...] [...]
The Federal Reserve offered a dim view of the economy Tuesday and signaled it’s prepared to provide new relief if necessary. At the end of its meeting, the Fed held off on taking any new steps to rejuvenate the economy and drive down unemployment. Instead, the Fed is prepared to see if the economy can [...] [...]
Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment. Lots of lively debate is expected at Tuesday’s meeting. But few expect any major programs to be unveiled. Instead, many will be looking to see if the Fed [...] [...]
Wrapping up a one-day meeting, the Fed said it will use the proceeds from its investments in mortgage bonds to buy government debt. That should help lower interest rates on mortgages and corporate debt, but it won’t likely have a dramatic impact on stimulating growth, economists say. Delivering a more downbeat assessment of the recovery, [...] [...]
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows and is likely to repeat a pledge to keep them there for a while. The Fed ends a two-day meeting today with policymakers having cause for optimism as well as caution. The economy has been growing again [...] [...]
WASHINGTON (AP) - Signs are growing that an economic recovery may finally be taking shape, but with dangers still lurking about, Federal Reserve policymakers are all but certain to leave a key interest rate at record lows to make sure any nascent turnaround gains traction.
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Home loan borrowers are cashing in on historically low mortgage interest rates as a refinancing boom gains momentum. National mortgage refinance statistics jumped again for the last week in March – up 3 percent from a week earlier and up 68.8 percent for the week ending March 27, on a year-over-year basis. That news from [...] [...]
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