The Federal Reserve announced the decision after a meeting of its board of governors
Prospective homebuyers may be in for a nasty shock if the mortgage market ever returns to its pre-crisis rates. After a few years of super-low rates, a vast majority of homebuyers think sub-5% mortgage interest rates are normal
St. Louis Fed President James Bullard says recent encouraging economic data makes it more likely that the Fed will reduce its bond-buying program at least slightly this month.
With better-than-expected job growth and new home sales, could the Federal Reserve be about to wind back its $85bn-per-month bond-buying program?
Yellen is widely expected to continue current Fed chair Ben Bernanke's easy-money policies, which have led to historically low interest rates
Fixed mortgage rates shot up this week after stronger-than-expected job gains and home sales
Mortgage applications crept down slightly again for the week ending Nov. 22.