Average rates on U.S. fixed mortgages fell for the second straight week, a welcome sign for homebuyers hoping to lock in lower rates that had spiked earlier this month.
All it took was speculation that the Federal Reserve could slow its bond buying months from now and then a few words from Chairman Ben Bernanke to confirm it.
JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Some Federal Reserve policymakers last month were conflicted over whether to expand or cut back a program intended to drive down mortgage rates and bolster the housing market, according to a document ...
By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Focused on keeping the recovery going and driving down double-digit unemployment, the Federal Reserve is poised to leave interest rates at a record low. Fed Chairman Ben Bernanke and his colleagues ...
By STEVENSON JACOBS AP Business Writer NEW YORK (AP) — The U.S. is finally becoming a nation of savers. Now if only we could get something for our money. Interest rates are sinking to near zero for the first time ...
By DANIEL WAGNER AP Business Writer WASHINGTON (AP) — The government insurer of bankrupt companies’ pension funds says its deficit this year nearly doubled to $22 billion. The weak economy put the Pension Benefit Guarantee Corp. on the hook for ...