Tag

“The Fed has run out of bullets”, says Ted Peters, chairman and CEO of Bluestone Financial Institutions Fund, and a former member of the Philadelphia Federal Reserve Board.

Interest rates on mortgages inched higher this week, just a day before the Federal Reserve’s policy-setting committee decides whether the federal funds rate will increase for the first time in almost a decade. The benchmark 30 year fixed rate mortgage is now at 3.910%. Same...

US home prices growth ticked lower in June, but remained at a solid annual pace of gains amid tight inventory in the housing market, according to private data released Tuesday. Sales of existing homes reached an annualized rate of 5.6 million in July, Blitzer said, which is the...