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Friday, April 3, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: interest rates


Average 30-year mortgage rate rises to 3.66 percent

WASHINGTON – Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season. Mortgage buyer Freddie Mac said Thursday the …


Number of contracts to buy homes at highest level since May

The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index rose 1.4 percent to 110.5, the highest level since May 2015.


Fed will likely keep rates unchanged in face of global slump

The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood …


Noah Smith: America not having a debt crisis

U.S. debt isn’t frighteningly large, nor is it growing in relation to the economy.


Average rate on 30-year mortgage slips to 3.58 percent

Average long-term U.S. mortgage rates edged down this week to their lowest levels of the year, offering a continued incentive for purchasing during the spring home-buying season.


Average U.S. rate on 30-year mortgage falls to 3.59 percent

Average long-term U.S. mortgage rates slid this week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season.


Average rate on 30-year mortgage steady at 3.71 percent

Average long-term U.S. mortgage rates were unchanged to slightly higher this week after declining the previous week.


Fed chief Janet Yellen foresees gradual pace of rate hikes

Federal Reserve Chair Janet Yellen said Tuesday that the Fed still envisions a gradual pace of interest rate increases in light of global pressures that could weigh on the U.S. …


With no rate hike seen, Fed’s outlook on economy is awaited

The financial world is awaiting the Federal Reserve’s response to a critical question: How stable are the world’s economies and financial markets?


European Central Bank surprises with strong stimulus action

The European Central Bank cut all its main interest rates, expanded its bond-buying stimulus program, and offered new cheap loans to banks, making an unexpectedly aggressive effort to boost inflation …


Average rate on 30-year mortgage edges up to 3.68 percent

Average long-term U.S. mortgage rates rose this week for only the second time this year.


30-year mortgage rate ticks up to 3.64 percent

Average long-term U.S. mortgage rates rose this week for the first time in two months as global economic anxiety and market turbulence eased.


U.S. pending home sales decline in January

Fewer Americans signed contracts to buy homes in January, as the recent hot streak appears to have been curbed by a shortage of properties for sale and colder weather.


30-year mortgage rate falls to 3.62 percent

Average long-term U.S. mortgage rates fell this week as anxiety over the global economy persisted. Long-term rates resumed their decline after being unchanged last week following six straight weeks of …


Higher interest rates boost Fannie Mae profit

Fannie Mae, the government-controlled mortgage company, said its net income in the fourth quarter nearly doubled on higher interest rates.


Average U.S. 30-year mortgage rate at 3.65 percent

Average long-term U.S. mortgage rates were unchanged this week, but remained at historically low levels amid worries about the global economy.


Freddie Mac profit rises on higher interest rates

Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter thanks to higher interest rates.


Mexico drops dollar auctions, raises rates, cuts spending

The Mexican government said Wednesday that it is dropping daily dollar auctions, raising interest rates and cutting government spending by 0.7 percent of GDP as it tries to counter falls …


Fed worried by global turmoil, minutes show

Federal Reserve policymakers expressed growing concerns at their meeting last month about potential threats to the U.S. economy, including turbulence in financial markets, plunging oil prices and slowing growth in …


Fed boss Yellen: Slower rate hikes if economy disappoints

Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest …


Fed chief Yellen to testify amid predictions of slower rate hikes

But as Chair Janet Yellen addresses Congress this week, most analysts and investors think the Fed will raise rates fewer than four times this year, if at all.


Fed voices concern about global economic pressures

The Federal Reserve is keeping a key interest rate unchanged while pledging to closely monitor developments in the global economy and financial markets.


Stock market turmoil threatens key sectors of the economy

The U.S. economy finished last year on a seeming high note, with strong job growth in December and a vote of confidence from Federal Reserve policymakers in the form of …


Fed chief Janet Yellen: December interest rate hike a ‘live possibility’

Federal Reserve Chair Janet Yellen said Wednesday that an interest rate hike in December is a “live possibility” if the economy stays on track. Yellen described the U.S. economy as …


Fed keeps interest rates at record low

The Federal Reserve is keeping U.S. interest rates at record lows in the face of persistent threats from a weak international economy and excessively low inflation.


Even at the Fed, the future isn’t clear

The head of the Federal Reserve Bank in San Francisco said he’s learned over a long career that no one should assume things are going to stay the same.


Fed keeps rate at record low, ends bond buying

WASHINGTON — The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that’s improving but still isn’t fully healthy and …


Interest rate rebound damps real estate lending

Fewer home sales and rising interest rates have led to the nation’s lowest level of mortgage lending in 14 years. Just $235 billion in home loans were started in the …


Fed to reduce pace of bond buying by another $10 billion

WASHINGTON — The Federal Reserve says it will cut its monthly bond purchases by an additional $10 billion to $65 billion because of a strengthening U.S. economy. It’s doing so …


Bernanke: US job market weak despite gains

WASHINGTON — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost growth.