Observers have seemed nearly certain that the Fed will hike rates later this month – but at least one Fed official is counseling patience
New home sales took an unexpected tumble last month, and experts say climbing mortgage rates are largely to blame
Activity was down in the mortgage market last week as a result of spiking interest rates.
A White House spokesman says President Obama is confident that his pick to head the Federal Reserve will be confirmed despite some Republican grumblings.
Stronger-than-expected economic data pushed rates higher for the second week in a row this week.
The presumptive head of the Federal Reserve testified before the Senate today on her plans for the Fed's $85bn-per-month bond-buying program.
Presumptive Fed chair Janet Yellen is continuing the dovish dialogue of her predecessor
Borrowers who refinanced in the third quarter will see a net savings of $6bn in interest over the next 12 months