Category: interest rate

Mortgage Application Rates Down as Interest Rates Rise to Highest Levels Since July

September 30, 2021
Business & Economyeconomic outlookEconomieseconomyinterest ratemortgage ratestreasury yieldsUSUS News
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Mortgage application rates in the United States fell by 1.1 percent last week driven by higher interest rate, according to the Mortgage Bankers Association (MBA) Composite Index. The previous week ending Sept. 10 saw applications increase by 0.3 percent in contrast to the week ending Sept. 24. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan…

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Money Myths: 10 Ways We Fool Ourselves About Managing Credit

April 16, 2021
AdviceBusinesscreditcredit scoredebtinterest ratemoney
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Dear Readers: April Fools’ Day can make for a good joke, but there are certain myths about money that, if not dispelled quickly, are no laughing matter. Misconceptions about credit and debt are right at the top of the list. Here are 10 common beliefs about credit that can lead to financial trouble. Don’t fall…

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NTD Business Full Broadcast (Mar. 17)

March 17, 2021
Federal Reserveinterest ratejerome powellLive VideosNews VideosNTD BusinessVideo
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Fed Chairman Jerome Powell still isn’t worried about inflation. He announced today the federal reserve will keep its fed funds rate at record lows until least 2023. As rates remain low, how can your retirement fund manager preserve your savings? Morgan Stanley will start giving its clients access to Bitcoin. It’s the first big U-S…

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Fed Transcripts Show Doubts About Need for 2015 Rate Hike

January 11, 2021
BusinessEconomieseconomyFederal Reserveinterest rateUS
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WASHINGTON—Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief concern was whether the Fed would be acting prematurely in starting…

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Fed’s Bostic, Evans Back Rate Rises With Dovish Overtones

December 2, 0001
AtlantaBusiness & EconomyCharles EvansChicagoeconomic policieseconomyFederal Reservehikeinflationinterest rateMarketspresidentRaphael BosticUSUS News
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As expectations rise that the Federal Reserve will step up its efforts to contain inflation with bigger interest rate hikes, Chicago Fed President Charles Evans and Atlanta Fed President Raphael Bostic on Thursday provided a somewhat dovish counterpoint. “It’s time that we get off of our emergency stance—I think it’s really appropriate that we move…

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