Tag Archive for ‘interest rates’

Rates on New Home Loans Increase Slightly

Interest rates on loans for new homes increased slightly in March, according to data recently released by the Federal Housing Finance Agency (FHFA).  The average contract rate on conventional loans for newly built homes increased 13 basis points, to 3.50 percent.  Although initial fees and charges on the loans declined from 1.17 to 1.08 percent, that still resulted in an… Read More ›

Monetary Policy: Operation Twist Extended

On Wednesday, the Federal Open Market Committee (FOMC), the branch of the Federal Reserve that determines monetary policy, announced an extension of the ongoing policy sometimes referred to as “operation twist.” This policy seeks to keep long-term interest rates low, thereby stimulating the economy, by selling Treasury securities with short maturities (three years or less) and purchasing Treasury securities with maturities… Read More ›

FOMC Announces Long-Term Commitment to Low Rates: Impact on Housing

Coming soon after the Congressional effort to lift the debt ceiling, the S&P downgrade of the credit rating of the Federal government, and elevated volatility for stock market prices, the Federal Reserve’s Open Market Committee (FOMC) today reported a long-term commitment to low interest rates during its August 2011 meeting. The FOMC stated: To promote the ongoing economic recovery and to help ensure… Read More ›