Mortgage Rate Forecast For 2014
With the Federal Reserve continuing to taper stimulus spending despite a housing recovery that’s “struggling to shift into a higher gear,” Freddie Mac is forecasting the average rate for 30-year…
Fed Cuts Stimulus On Indicators Of Activity Despite Anemic Q1
While the U.S. economy grew by an anemic 0.1 percent in the first quarter of 2014, “information received since the Federal Open Market Committee met in March indicates that growth…
Stock Market Rockets After Fed Announces Stimulus Cuts
As we noted last month, the minutes from the Federal Open Market Committee’s October meeting suggested that the Fed was “likely to trim their monthly purchase of $85 billion in…
No New Stimulus For You! (At Least Not This Month)
According to Federal Reserve Chairman Ben Bernanke, although problems still exist (think unemployment and sagging home prices), “the growth fundamentals of the United States do not appear to have been…