by RealtyBizNews | Jul 31, 2020 | Federal Reserve, interest rates, Mortgage, mortgage rates, Real Estate, Real Estate News
The Federal Reserve this week voted to keep its benchmark interest rate at close to zero. The move should help ensure the cost of home loans remains down, long enough for the economy to begin its recovery from the COVID-19 pandemic, experts said. The Fed also said...
by RealtyBizNews | May 3, 2020 | Coronavirus, Federal Reserve, interest rates, Jerome Powell, Mortgage, Real Estate News, US Real Estate
The Federal Reserve this week voted to maintain its benchmark interest rate unchanged at near zero, showing it has no interest in reversing course anytime soon, most likely due to the coronavirus pandemic. The Fed’s benchmark rate doesn’t directly impact mortgage...
by RealtyBizNews | Mar 17, 2020 | benchmark rate, Federal Reserve, interest rates, Mortgage, mortgage rates, Real Estate News, US Real Estate
The Federal Reserve at an emergency meeting on Sunday announced it’s slashing its benchmark interest rate to zero, in what is its second response to the economic turmoil that’s resulted from the coronavirus outbreak. In addition, the Fed announced it will buy $700...
