On March 13, Federal Reserve Chairman Ben Bernanke reiterated the Federal Open Market Committee’s intention to keep interest rates low through 2014. This is welcome news for mortgage borrowers or those invested in equities, as investors may decide to move ...

Tagged with: bonds Federal Reserve Chairman Ben Bernanke finance investment Marianne D. Fishler risk Stocks

WASHINGTON — Since the Federal Reserve’s policymakers last met in January, the job market has shown more muscle. Employers have hired more than a half million people. The unemployment rate is down. The core issue the policymakers face when they ...

Tagged with: Ben Bernanke bond purchases bonds dollar Economy federal reserve growth housing housing bubble interest rates jobs operation twist standard & poor's Stocks unemployment rate

WASHINGTON — Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates. Freddie Mac said ...

Tagged with: bonds economists fixed mortgage rate freddie mac homes mortgage Mortgage Bankers Association mortgage rate Unemployment washington

WASHINGTON — In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting. The ...

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ANNAPOLIS — A state debt committee has voted to increase Maryland’s borrowing by $150 million next year to almost $1.1 billion, and the decision has left Comptroller Peter Franchot steaming. “One week we are taking in less money, and the ...

Tagged with: bonds budget capital debt affordability committee Comptroller Peter V. R. Franchot debt maryland PNC Bank Spending Affordability Committee treasurer nancy k. kopp

NEW YORK — Trouble on two fronts in the European debt crisis sent American stocks tumbling Wednesday to their biggest loss since the rocky trading of the summer. The Dow Jones industrial average fell almost 390 points. Stocks were down ...

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NEW YORK — Goldman Sachs Group Inc. reported a third-quarter loss of $428 million Tuesday as revenue from underwriting stocks and bonds plunged. It was only the second quarterly loss for the investment bank since it went public 12 years ...

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Baltimore finance officials have drained nearly half a million dollars from a special account to help cover the $1.4 million repayment due this month on $78 million in tax increment financing bonds issued for the struggling East Baltimore Development Inc. ...

Tagged with: Baltimore Belvedere Square bonds carl stokes clipper mill department of finance east baltimore development inc. EBDI mondawmin mall tax increment financing The Daily Record TIF

Investors sought refuge from the market’s volatility in August, withdrawing money from stock mutual funds and bond funds alike. The retreat from stock funds was unusually heavy for the third consecutive month, marking a renewed aversion to risk. A net ...

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WASHINGTON — Fixed mortgage rates edged up this week from their lowest levels in decades. But few have been able to capitalize on them. The average rate on the 30-year fixed mortgage rose to 4.22 percent, Freddie Mac said Thursday. ...

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