Mortgage Rates Jump to 8-Year High

This article was originally published on ETFTrends.com. A confluence of positive economic data is good news for the capital markets, but for would be home buyers, it could mean more rate-hiking by the Federal Reserve as mortgage rates have already hit a level not seen in eight years. Secondary mortgage market participant Freddie Mac published the results of its Primary […]

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Fed stands pat on rates, signals December hike amid upbeat economic outlook

WASHINGTON – With the economy sailing along, another interest rate hike is almost certainly in the cards next month. The Federal Reserve held its key short-term rate steady Thursday but maintained its upbeat view of the economy, setting the stage for a fourth rate increase in 2018 at its Dec. 18-19 meeting. As expected, the Fed’s policymaking committee kept the […]

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Peru's central bank holds key rate at 2.75 percent

LIMA, Nov 8 (Reuters) – Peru’s central bank set the benchmark interest rate at 2.75 percent for the ninth month in a row as sluggish economic growth and inflation are expected to quicken. The bank has signaled it would likely hold the country’s benchmark interest rate until next year unless an unexpectedly strong economic recovery spurs inflation before then. (Reporting […]

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Impact of Rising Rates Seen Diminishing for Bank ETFs

This article was originally published on ETFTrends.com. In what can be seen as glum news for a group of exchange traded funds struggling even as interest rates, some analysts and market observers believe the impact of higher interest rates on banks’ net interest margins (NIMs) will diminish in the coming quarters. The Federal Reserve has raised interest rates three times […]

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Still accommodative, Fed must keep hiking U.S. rates: Mester

NEW YORK (Reuters) – The Federal Reserve is still stimulating an economy that is growing well above potential, so it should keep raising interest rates even while it anticipates potential shocks, Cleveland Fed President Loretta Mester said on Thursday. “You’re going to have to think about what the shocks are going forward. I think we are still accommodative, so we […]

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US mortgage rates fall slightly; 30-year at 4.85 percent

Long-term U.S. mortgage rates dipped slightly this week, taking a pause after weeks of steady increases stoked by rising interest rates. Continue Reading Below Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages declined to an […]

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