federal reserve: Federal Reserve Raises Short Term Interest Rate - 12/17/15 02:14 AM
By unanimous vote, the Federal Reserve agreed to raise the federal fund rate (aka short-term interest rate) showing their confidence in an improving United States Economy. The Fed will raise their rates from near zero to 0.25 to 0.5 percent, a decision that had been expected to come at several different points in 2015. The Fed will shift between 0.25 and 0.5 based on market conditions. They are also willing to adjust their strategy based on how the economy performs in response to the move.
The Fed has kept rates at near zero since 2008. During the recession, the Fed did all … (0 comments)

federal reserve: Fed Keeps Rates Near Zero, Mortgage Rates Fall - 09/29/15 04:25 AM
In light of the Federal Reserve’s decision to not raise the Federal funds rate, mortgage rates for a 30 year fixed rate mortgage fell to 3.86 percent this week.
The Federal Reserve continued to hold off on raising their interest rates, choosing to keep rates close to zero percent. The Fed attributed their lack of action to the lack of global growth that could potentially slow the domestic economy as well as the fact that inflation in the US remains subdued. The Fed committee also wanted to see additional evidence from the labor market to make sure it has and continues to … (2 comments)

federal reserve: Rental Program Urged By The Fed: - 01/11/12 04:11 AM

The Federal Reserve has called on lawmakers to help with the ailing housing market. The Fed gave lawmakers the task of instilling more aggressive actions to prevent home values from plummeting further. Suggestions within this new surge include an idea that a government program may start renting out single-family homes in foreclosure. An REO rental program by the government-sponsored enterprises may cost mortgage servicers and bond investors; the it is the benefits in the long run that need to be weighed.  
"Some actions that cause greater losses to be sustained by the GSE in the near term might be … (0 comments)