Tag Archives: rates:

Trump win casts doubt on Fed’s plans to hike interest rates

Getty Images Janet Yellen Donald Trump’s victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years. Financial markets swooned after Trump’s win, with the dollar and stocks sinking and safe-haven sovereign bonds and gold shooting higher, ... Read More »

Fixed and Adjustable Mortgage Rates

Mortgage rates can be defined as the rate of interest charged on a mortgage – which is an obligation that allows the borrower to get money, by promising to repay the lender according to an agreed-upon contract. Mortgages are used by individuals and businesses to make large real estate purchases, without paying the entire amount up front – and mortgages ... Read More »

Fed leaves rates unchanged in July meeting

The Federal Reserve opted Wednesday not to raise interest rates, despite painting a rosier economic picture than it did just a month ago. As expected, the Federal Open Market Committee kept its overnight interest rate target in the 0.25 percent to 0.5 percent range. However, it noted a labor market that has “strengthened” and said other indicators were pointing to ... Read More »

Wall Street banks bet on Federal Reserve increasing interest rates

Big banks aren’t giving up on a rate hike just yet, and their most recent comments reinforce that. Many Wall Street banks are pricing in expectations for an interest rate rise from the Federal Reserve, which would be a shot in the arm for their businesses. Economists see rising optimism from the Federal Open Market Committee, which could lead to ... Read More »

Negative rates leading to ‘day of reckoning’ fear on Wall Street

The reason anyone would buy negative-yielding debt is actually pretty simple: Because they have to. They are central bankers looking to help promote economic growth. They are insurance companies, pension funds and money managers who have to match liabilities with assets. They are not, by and large, retail investors who are so afraid of risk that they’re willing to pay ... Read More »

Mortgage rates could cross a record low

Who knew? The Federal Reserve raised its funds rate barely two months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free fall, reacting to financial markets overseas rather than monetary policy here at home. “Mortgage rates are going down again, ... Read More »

Negative rates in US? Here’s why it could happen

Less than two months after the Fed enacted its first rate hike in more than nine years, market talk already has turned to whether the central bank’s future may not be more hikes, but rather negative rates. Intensifying recession fears, volatile financial markets and moves toward negative rates by other central banks have triggered speculation over whether the Fed may ... Read More »

Mortgage rates could cross a record low

Who knew? The Federal Reserve raised its funds rate barely two months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free fall, reacting to financial markets overseas rather than monetary policy here at home. “Mortgage rates are going down again, ... Read More »

Mortgage applications up 8.8% as buyers look to lower rates

Defying expectations for the start of 2016, mortgage rates spiraled down further last week, spurring more volume in the mortgage market. Total applications increased 8.8 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association. Refinance applications were behind much of the surge, rising 11 percent from the previous week, seasonally adjusted. ... Read More »

Mortgage applications up 8.8% as buyers look to lower rates

Defying expectations for the start of 2016, mortgage rates spiraled down further last week, spurring more volume in the mortgage market. Total applications increased 8.8 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association. Refinance applications were behind much of the surge, rising 11 percent from the previous week, seasonally adjusted. ... Read More »