While economic indicators are mostly good, the Fed official said there were some signs of "overheating"
The Fed chairman told a South Carolina Republican that the central bank will maintain its independence despite recent jabs from the president
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
Fixed mortgage rates rose slightly this week leading up to the Federal Reserve’s decision to wind back its bond-buying program