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Our wants and needs from government exceed our willingness to be taxed.
The Seattle area has notched its sixth-straight month as the hottest real-estate market in the country, as prices climb even faster heading into the peak buying season.
Mortgage rates continued their month-long swoon, sinking to their lowest levels in five months. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.97 percent with an average 0.5 point.
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.08 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.1 percent a week ago and 3.58 percent a year ago.
Long-term U.S. mortgage rates fell this week for a third straight week, approaching their low points for the year.
Long-term U.S. mortgage rates fell this week for a second straight week, slipping further from their highest levels of the year reached two weeks ago.
Long-term U.S. mortgage rates slid this week from their highest levels of 2017.
The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.
The lesson of the double-digit inflation of the late 1970s and early ’80s is that, once higher inflation captures popular psychology, it takes a crushing recession to purge it.
U.S. stock indexes held steady Monday at the beginning of a week full of events that could swing markets. The Federal Reserve may raise interest rates, more countries around the world may move to shake up the economic status quo and several high-profile updates on the U.S. economy are coming out this week.
One by one, several Federal Reserve officials have signaled in recent days that the Fed is ready to resume raising interest rates as soon as this month. The question is whether the official who matters most – Chair Janet Yellen – will add her own voice to that impression.
A top Federal Reserve official has added his voice to a growing group of Fed officials who are indicating that it might be appropriate to raise interest rates this month.
Long-term U.S. mortgage rates fell this week, breaking a holding pattern that prevailed for more than a month.
What works for gold in practice rarely works in theory. The last three U.S. interest-rate increases that should, all other things being equal, be bad for the metal have seen prices jump in the months that followed.
U.S. consumer prices rose in January at the fastest pace in nearly four years, strengthening the case for the Federal Reserve to raise interest rates this year.
Federal Reserve Chair Janet Yellen defended the central bank’s independence Wednesday from Republican lawmakers who are pushing for major changes in how the central bank operates and how regulators oversee the nation’s banking system.
WASHINGTON – Federal Reserve Chair Janet Yellen said Tuesday that the central bank still expects to raise interest rates gradually this year. But she said the Fed also recognizes the dangers of waiting too long to tighten credit. Testifying to Congress for the first time since President Donald Trump took office, Yellen referred implicitly to the ambitious economic program Trump has promised. She said the Fed recognizes that sharp changes in tax policy and government spending could influence the central bank’s decisions.
The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.
A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market.
Profits at JPMorgan Chase and Bank of America surged last year, the banks said Friday as the industry receives a boost from a stock market rally that accelerated after the presidential election.