Political Capital

Posts tagged: mortgage rates

Federal Reserve Chairman Ben Bernanke at what is most likely his last Capitol Hill appearance during the House Financial Services Committee hearing on the monetary policy and the state of the economy on July 17, 2013

Photograph by Douglas Graham/CQ Roll Call

Federal Reserve Chairman Ben Bernanke at what is most likely his last Capitol Hill appearance during the House Financial Services Committee hearing on the monetary policy and the state of the economy on July 17, 2013

Bernanke to Congress: Can You Hear Me Now?

Whether illustrative of how government doesn’t work or an example of why budget cuts are short-sighted, Federal Reserve Chairman Ben Bernanke began his semi-annual testimony to Congress today by sitting down in front of a dead microphone. As C-SPAN 3...

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A sold sign on March 5, 2013 in Phoenix, Arizona.

Photograph by Justin Sullivan/Getty Images

A sold sign on March 5, 2013 in Phoenix, Arizona.

Bloomberg By the Numbers: 3.81%

That was the rate for a 30-year fixed-rate mortgage in the week ending yesterday, up from 3.59 percent the preceding week and the highest  level in  a year.  That’s according to McLean, Virginia-based Freddie Mac. Rates for 15-year mortgages also rose, to 2.98 percent from...

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Potential buyers view a new home under construction in South Barrington, Illinois.

Photograph by Daniel Acker/Bloomberg

Potential buyers view a new home under construction in South Barrington, Illinois.

Fed Boosts Housing, Housing Boosts Fed — Repeat

One hand washes the other. The Federal Reserve’s record stimulus is starting to lift the U.S. housing market out of the basement. And the boost in home prices is poised to start giving the broader economy a bigger push, rather...

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