NEW YORK (Reuters) - U.S. 30-year fixed home loan rates on Wednesday slid by as much as 3/8 percentage point to about 5 percent, nearing record lows, after the Federal Reserve more than doubled its planned purchases of mortgage-related securities. The ...Read More
Will the Fed actually stop snapping up mortgage-backed securities (MBS)? Maybe, but they better be on guard if they do, in terms of what will happen to the housing market. Calculated Risk offers this interesting analysis. Earlier this year, Political Calculations introduced a ...Read More
* U.S. dollar retreats after biggest rally in 3 weeks * BoE minutes seen as relatively dovish; sterling hit * U.S. CPI up 0.3 percent but core inflation tame (Updates prices, adds detail) NEW YORK, Nov 18 (Reuters) - The dollar slid against ...Read More
U.S. record high temperatures this decade have occurred more than twice as often as record lows, says a new study released this week by scientists at the National Center for Atmospheric Research in Boulder, Colo.
Between Jan. 1, 2000, and ...Read More
NEW YORK (Reuters) - U.S. home loan rates fell to a five-week low last week in a renewed test of the record low borrowing costs set in April, Freddie Mac said on Thursday. The average 30-year fixed mortgage rate declined 0.07 ...Read More
Nov. 11 (Bloomberg) -- The Federal Reserve faces thebiggest blows to its authority and independence in five decadesunder legislation championed by its lead overseer in the U.S.Senate.
The financial-regulation overhaul proposed yesterday bySenator Christopher Dodd would strip the Fed of its ...Read More
WASHINGTON - Job openings are at rock-bottom levels, according to government and private surveys released Tuesday, a trend that could keep the unemployment rate high even as layoffs slow. Small businesses in particular are reluctant to add workers as they struggle ...Read More
WASHINGTON - The Federal Reserve pledged yesterday to keep a key interest rate at a record low for an "extended period,'' in a sign that the economy is growing but remains deeply dependent on government help. The Fed said economic activity ...Read More
Updated at 3:26 p.m. EASTERN With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. The ...Read More
The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on government help to grow. The Fed said economic activity has "continued to pick up" ...Read More
Oct. 31 (Bloomberg) -- Treasury 10-year notes fell inOctober for the first time in four months as investors bet theFederal Reserve may begin to signal an increase in interestrates from record lows as the economy shows signs of growth. Thirty-year bonds ...Read More
NEW YORK (Reuters) - U.S. mortgage rates held steady just above 5 percent in the latest week after mixed signals on the health of the housing market, Freddie Mac (FRE.N) said on Thursday. Average 30-year home loan rates inched up 0.03 ...Read More
CARACAS, Venezuela (AP) -- Prompted by President Hugo Chavez's call to conserve energy, the Venezuelan Premier Division will switch to daytime games. The Venezuelan Football Federation said on Wednesday its teams will begin playing matches at 3 p.m. rather than 6 ...Read More
NEW YORK (Reuters) - New York Democratic Governor David Paterson's ratings with voters in the 2010 gubernatorial race were near record lows while his rivals gained ground, a poll released on Tuesday showed.
Only 15 percent of the 624 voters polled ...Read More
FRANKFURT (AP) - The European Central Bank on Thursday left its key interest rate unchanged at a record low of 1 percent and indicated it wouldn't raise it in the near future - even as bank president Jean-Claude Trichet said ...Read More
Oct. 8 (Bloomberg) -- Mortgage rates for 30-year fixedU.S. home loans fell for the second consecutive week, pushingborrowing costs to near record lows. The average U.S. 30-year rate dropped to 4.87 percent from4.94 percent last week. The 15-year rate was 4.33 ...Read More
FRANKFURT (AP) - The European Central Bank and the Bank of England both left their key interest rates unchanged Thursday at record lows. The ECB left its main refinancing rate at 1 percent while the Bank of England left its rate ...Read More
Europe's two leading central banks are expected to keep interest rates unchanged Thursday and damp down any talk that borrowing costs will soon rise in the wake of a surprise rate hike by Australia's central bank to lift rates. Analysts say ...Read More
(Adds mortgage rates, background) NEW YORK, Oct 1 (Reuters) - The average rate on 30-yearU.S. home loans fell in the past week to retest record lows,helping stimulate housing demand, Freddie Mac (FRE.N) said onThursday. The most widely used long-term borrowing cost dropped ...Read More
Sept. 28 (Bloomberg) -- State housing agencies in the U.S.that provide mortgages to low-income borrowers would get as muchas $35 billion in federal aid under a new U.S. TreasuryDepartment program, people familiar with the matter said. The program would provide up ...Read More
