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Tag Archives: treasury

Rate on 30-year fixed mortgage rises to 4.86 pct.

NEW YORK — Fixed mortgage rates rose slightly this week, but the average rate on the 30-year loan remained below 5 percent. Freddie Mac says the average rate on the 30-year fixed mortgage rose to 4.86 percent from 4.81 percent ...

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Bernanke not worried by higher gas prices

WASHINGTON — Federal Reserve Chairman Ben Bernanke boldly predicted to Congress on Tuesday that rising oil prices will cause only a brief and modest rise in consumer inflation. If he’s wrong, as some lawmakers suggested to him, the risks are ...

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Freddie Mac posts $1.7B loss for Q4

WASHINGTON — Mortgage buyer Freddie Mac has posted a loss of $1.7 billion for the October-December quarter of last year, and a $19.8 billion loss for all of 2010. The government-controlled mortgage buyer is also asking for an additional $500 ...

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Jack L.B. Gohn: Saving money is no object: Tea Party budget thinking

Arguably the most important law of them all is the federal budget. Its passage and contents are the precondition of the execution, enforcement and administration of all other federal laws and many state ones. Its provisions embody some of the ...

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Bernanke bond plan faces skeptics within Fed

WASHINGTON — Few expect any major shifts when the Federal Reserve’s policymaking panel meets this week, even though two of its new voting members have been skeptics of the Fed’s $600 billion Treasury bond purchase plan. That could all change ...

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Fed pays US Treasury record $78.4B last year

WASHINGTON — The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank’s unconventional efforts to lift the economy. The payment to the Treasury Department is the largest since ...

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