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
Now that the Senate has invoked the nuclear option, there seems to be little standing in the way of Rep. Mel Watt’s confirmation as the next head of the FHFA. But what policy changes can the industry expect if he does take the helm?
The Senate Banking Committee voted today to send Janet Yellen's nomination as Fed chair to the full Senate for confirmation.
Janet Yellen’s fight to be confirmed as the next head of the Federal Reserve got a little easier Wednesday when Republican Sen. Bob Corker announced he would support her.
With rates continuing to creep upward, mortgage applications dropped again last week.
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.