The Federal Reserve's decision to slash short-term interest rates might spare midstaters from a recession, but it won't save them money on 30-year fixed-rate mortgages.
Here's why: mortgage rates are not tied to short-term interest rates. ...
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feds, Mortgage Interest Rates, rate cut March 21st, 2008
Typically, when the Federal Open Market Committee cuts interest rates, like it did earlier in the week, the rate consumers pay for a mortgage loan falls. But unfortunately for borrowers, these are atypical times.
One ...
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The battered housing market in the United States has gotten some good news from Washington recently. On Tuesday of this week the Federal Reserve cut key interest rates down to 2.25%. This rate cut, and ...
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WASHINGTON: Rates on 30-year mortgages dropped below 6 percent this week for the first time in more than a month, reflecting aggressive efforts by the Federal Reserve to cut interest rates to protect the economy ...
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Jobless claims rise
The most initial claims for unemployment benefits in seven weeks were filed last week by newly jobless workers, the U.S. Labor Department said Thursday.
Analysts consider the increased filings to be another signal of ...
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30-year fixed-rate mortgage was back under 6% this week: Freddie Mac
CHICAGO (MarketWatch) -- Long-term mortgage rates dropped sharply this week, while adjustable-rate mortgages barely budged from last week's averages, according to Freddie Mac's weekly survey ...
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WASHINGTON, March 20 (UPI) -- Interest rates for both 30-year and 15-year fixed-rate mortgages in the United States declined this week, Freddie Mac reported Thursday.
At 5.87 percent, the average 30-year fixed interest rate dropped over ...
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They remain roughly where they were a year ago amid banks' wariness about making loans.
The Federal Reserve has been slashing short-term interest rates since August with precious little effect on the one that matters most ...
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The U.S. dollar moved higher against several major currencies Tuesday after the Federal Reserve cut interest rates by three quarters of a percentage point - a less aggressive move than some investors were hoping for.
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Video: Analysis of the Fed Rate Cut- CNBC
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