Mortgage traders have eyes on the Federal Reserve’s purchasing of mortgage bonds. With the housing market booming and lending rates still low, suspicions are growing that the Fed will no longer keep buying $40...
In September, an effort to update a rule encouraging lending in low-income communities turned into a faceoff among three...
The Federal Reserve has proposed modernizing and strengthening a 43-year-old law aimed at encouraging banks to provide loans in...
The Federal Reserve is preaching stability in a chaotic world. Fed officials signaled on Wednesday that the short-term interest...
Mortgage rates sank to an all-time low — again. The average rate for a 30-year fixed-rate mortgage dropped .07 percentage points for the week ending Sept. 10, reaching 2.86 percent — a new low...
The Federal Reserve has shifted its strategy for setting interest rates, allowing inflation to rise higher than previous targets. The change codifies what the Federal Reserve has been practicing for the past 18 months,...
Uncertainty, the very thing that drove the average rate on a 30-year fixed mortgage to a record low this...
The downward slide in mortgage rates produced a new milestone this week, according to Freddie Mac’s latest primary mortgage market survey. The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2,...
The envelope, please. As part of its many-pronged response to the severe credit crisis, the Federal Reserve established a...
Days after Covid-19 was declared a pandemic, the Federal Reserve took the drastic move of cutting its benchmark interest...
