Fed Chair Jerome Powell says that the economy justifies further rate increases this year
The Federal Reserve announced the decision after a meeting of its board of governors
Mortgage rates started the year higher on indications of continued economic recovery, according to data released Thursday by Freddie Mac
Mortgage rates saw little change last week as the year winds to a close, but are up significantly year-over-year
Deutsche Bank will shell out more than $1.63bn to settle claims brought against it for MBS sales to Fannie Mae and Freddie Mac
Mortgage rates are set to rise as the Fed cuts back its mortgage-backed securities purchases. The question is, how fast does the Fed intend to wind the bond buys down?
Fed Chairman Ben Bernanke said in a press conference Wednesday that the Fed would most likely continue to wind back purchases, $10bn at a time over the next several meetings of its rule-making committee. However, he said, that decision was more of a flexible guideline than a hard-and-fast policy
What does the taper mean for mortgage rates? Well, it all depends on how fast the Federal Reserve winds down the rest of its bond-buying program