by Philip | Dec 17, 2015 | interest rates, mortgages
At long last, the Federal Reserve is raising interest rates. It’s doing that by increasing the federal funds rate, which the Fed slashed nearly to zero in 2008 to help the American economy ride out the global economic downturn. The federal funds rate determines how...
by Philip | Sep 13, 2015 | interest rates, mortgages
Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage edged up to 3.90 percent from 3.89 percent a week earlier. The rate on 15-year fixed-rate mortgages rose to 3.10 percent from 3.09 percent.
