(Reuters) – Here are five things to know about the Federal Reserve’s new strategy for achieving stable prices and maximum employment. The divisive policy shift was announced on Thursday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, March 19, 2019. REUTERS / Leah Millis …
Read More »Mortgage rates fall again – but rising house prices mean buyers should not expect savings
Mortgage rates are still close to record lows, but that makes owning a home no longer cheaper for home buyers. The 30-year fixed-rate mortgage averaged 2.91% for the week ending August 27, falling eight basis points the week before, Freddie Mac FMCC, + 0.46% reported Thursday. The 15-year fixed-rate mortgage …
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