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Tag Archives: interest rates
Congress near deal on student loans
Senate and House leaders said on Wednesday that Congress is nearing a deal to extend the low 3.4% rates on federal subsidized loans for one more year. The reason why Congress has been pressing the matter is because the … Continue reading
China cuts interest rates
China’s central bank has done something that it hasn’t done since 2008 and that is cut interest rates to encourage more growth in a country whose metoric economic expansion seems to be fizzling out. China’s one-year lending rate is now … Continue reading
Posted in Economy
Tagged bank of england, china, chinese central bank, european central bank, federal reserve, interest rates
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Mortgage rates back to near record lows
15-year mortgage rates now have an average interest rate of 3.11% which is down from last weeks mark of 3.21% and nearly a full percentage point lower than where the 15-year rate was at this point last year. The 30 … Continue reading
Posted in Economy
Tagged 15 yr, 30 yr, housing market, interest rates, mortgage rate
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30yr mortgage rate rises above record
For the first time in four weeks, the 30 year fixed mortgage rate rose based on improving signs in the housing market. The rate is now 3.95% rather than the record low 3.87% last week, the 15 year rate has … Continue reading
Federal Reserve to make no changes to monetary policy
The Federal Reserve’s policy making committee the Federal Open Market Committee voted 9 to 1 to halt changes to the central bank’s ongoing stimulus policies and renewed its pledge to keep interest rates at record lows through 2013. The Fed … Continue reading
What the payroll tax cut could mean to homebuyers
One of the methods being thrown around by Congress to pay for the payroll taxcut is raise the fees that banks pay Fannie Mae and Freddie Mac to guarantee home loans. Specifically there are “guarantee fees” that cover mortgage defaults … Continue reading
Posted in Economy
Tagged fannie mae, freddie mac, housing market, interest rates, mortage, payroll tax cut
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