fixed interest rates: Why you're more in touch with real inflation than the Fed
- 06/21/07 01:21 AM
Today the Philadelphia Fed will release its monthly index of the economy, and it's widely expected to continue to support the Fed's policy of keeping interest rates where they are (the Fed rate hasn't been changed since June of 2006.) One key benchmark that they'll take into account is the "Core CPI," or the core consumer price index -- intended to give an accurate measurement of the consumer's experience of inflation in his or her life -- released last week at the lower-than-expected level of 0.1% for the month of May.That's a nice, low figure.But your gut may be telling you … (0 comments)
fixed interest rates: I told you so! (rates take highest jump in over three years)
- 06/18/07 05:46 AM
Interest rates on long-term mortgages have risen sharply in the last couple of weeks. Last Thursday, Freddie Mac announced that the average 30 year fixed rate mortgage stood at 6.74% -- the highest it's been in nearly a year. "Mortgage rates moved sharply upward this week, with rates on 30-year fixed-rate mortgages jumping more than 20 basis points, the largest upward movement in over three years," said Frank Nothaft, Freddie Mac vice president and chief economist. "These moves parallel rising yields on Treasury securities, as concerns about inflation pressures and continuing strength of consumer and business spending have dimmed hopes for … (3 comments)
Today the Philadelphia Fed will release its monthly index of the economy, and it's widely expected to continue to support the Fed's policy of keeping interest rates where they are (the Fed rate hasn't been changed since June of 2006.) One key benchmark that they'll take into account is the "Core CPI," or the core consumer price index -- intended to give an accurate measurement of the consumer's experience of inflation in his or her life -- released last week at the lower-than-expected level of 0.1% for the month of May.That's a nice, low figure.But your gut may be telling you … (0 comments)
;)
;)
