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.

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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.

Tagged with: interest rates mortgage rates Toll Brothers

The Federal Reserve is extending a program designed to drive down long-term interest rates to spur borrowing and spending.

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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 ...

Tagged with: Bernanke Fannie Mae Fed Federal Reserve Freddie Mac inflation interest rates mortgage rates stimulus

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 ...

Tagged with: banks Bernanke credit economy Fed Federal Reserve interest rates Obama Treasury

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 ...

Tagged with: Bernanke Fed Federal Reserve interest rates mortgage spending

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 ...

Tagged with: bankrupt benefits interest rates