Tag Archives: federal funds rate

Federal Reserve Expects High Unemployment Indefinitely

This is bad news for housing values. If people don’t have jobs, they can’t afford to pay for mortgages. This reduces demand for homes, which drives down prices, drives down housing values, ending people HELOC (home equity lines of credit), … Continue reading

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Federal Reserve Offers Refinance Solutions

WASHINGTON (AFP) — The US Federal Reserve said Monday it would begin to pay interest on bank deposits for the first time and expand its refinancing operations for commercial banks to 600 billion dollars in a bid to increase liquidity. … Continue reading

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Fixed-Rate Interest Rates Rise Again

The rates on 30-year mortgages have a seven-week high. They are above 6%. Inflation and a weak dollar are growing problems along with the sluggish economy. The AP says: WASHINGTON (AP) — Rates on 30-year mortgages remained above 6 percent, … Continue reading

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