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Tag Archives: interest rate

Any Fed rate increase would have little impact on mortgages, Md. bankers say (access required)

The Federal Reserve has greatly changed its plans since it initially forecast as many as four rate increases throughout 2016 after raising rates late last year for the first time in nearly a decade. Rate increases are likely only if the economy clearly is ...

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Closing Fannie, Freddie could boost mortgage rates

WASHINGTON — Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis. Borrowers ...

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Morgan Stanley closes a bleak bank earnings season

NEW YORK — It’s tough being a big bank these days. Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered ...

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Bernanke says more Fed action is possible

WASHINGTON — Federal Reserve Chairman Ben Bernanke left open the possibility Wednesday of further Fed action to stimulate the economy. Speaking at a news conference, Bernanke walked a fine rhetorical line: He signaled that the Fed would act more aggressively ...

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