Quantcast

Tag Archives: interest rate

Average rate on 30-year mortgage down to 3.90 percent

WASHINGTON — The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal a recovery. Mortgage buyer Freddie ...

Read More »

Bernanke: Weak housing has hurt consumer spending

WASHINGTON — Ben Bernanke said declines in home prices have forced many Americans to cut back sharply on spending and warned that the trend could continue to weigh on the U.S. economy for years. The Federal Reserve chairman drew the ...

Read More »

Bernanke: Fed would supply more stimulus if needed

WASHINGTON — Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the economic lull persists. Delivering his twice-a-year economic report to Congress, Bernanke laid out three options the central bank would ...

Read More »