The Fed made the announcement following a meeting of its governing body
With builders concentrating on luxury homes, fewer and fewer houses are affordable even as inventory rises
Borrowers cashed out about $8 billion in home equity in the third quarter -- but will the trend continue?
Real estate needs a pick-me-up, something of a surprise considering that home values remain below 2007 prices and mortgage rates continue to hover around 4%.What can we do to perk-up the housing sector? One answer might be help from the Federal Reserve.
October's unemployment rate declined to 5.8%, but job creation missed expectations. Meanwhile, increasing realization is spreading that the Fed and other central banks cannot heal all problems; a message that is way past due.
He warns that raising rates after the economy reaches its agreed targets could spur another recession.
Recent data out implies there is still a very strong demand for U.S. treasuries even with the end of the Fed’s QE3.
Recent reductions in mortgage interest rates have expanded the population of borrowers who could benefit from refinancing, and now is the time for borrowers to lock in low rates.