Interest rates

  • October taper unlikely if shutdown drags by MPA

    A Federal Reserve official says that if the government shutdown continues, the Fed is less likely to wind back its $85bn-per-month bond-buying program at its October meeting

  • Rates hit nine-week low by MPA

    The average interest rate on the 30-year fixed-rate mortgage fell to a nine-week low this week following the Federal Reserve’s decision to maintain its $85bn-per-month bond-buying program

  • Higher rates here to stay by MPA

    The economy will continue to grow over the next year in spite of higher interest rates thanks to record housing affordability and other factors, according to a new report

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