Here’s a surprising stat: The average U.S. household wealth rose in the first quarter of this year. Yes, I said rose, not dropped. According to the Federal Reserve, rising stock prices and debt reductions outweighed sliding real estate prices to increase U.S. household’s net worth by about $943 billion to $58.1 trillion in the first …
As expected, mortgage rates fell to new record lows this week. Last week, the Federal Reserve unveiled a plan to buy $600 billion in U.S. Treasury bonds. One of the goals of the controversial plan is to keep mortgage rates low. Today, Freddie Mac released its weekly survey on mortgage rates for the week ending …
The Federal Reserve is going to purchase $600 billion in U.S. Treasury bonds over the next eight months in an effort to help our ailing economy. What does that mean? It means the Fed will create money, literally out of thin air, in order to buy Treasury bonds on the open market — about $75 …
Fed Plan Could Make It Easier to Buy/Keep a Home Read More »
