Latest Home equity loans News

US average mortgage rates fall; 30-year at 4.28 percent

Mar. 21, 2019 11:45 AM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, giving an incentive to potential buyers as the spring homebuying season opens. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage declined to 4.28 percent from 4.31 percent the previous week. Mortgage...

New Fed forecast for 2019: Slower growth and zero rate hikes

Mar. 21, 2019 12:11 AM EDT

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United...

Federal Reserve foresees no interest rate hikes in 2019

Mar. 20, 2019 6:01 PM EDT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...

Survey: Top CEOs report weaker economic outlook for 1Q

Mar. 20, 2019 4:20 PM EDT

WASHINGTON (AP) — Top U.S. CEOs reported Wednesday that their economic outlook weakened in the first three months of the year although it remains above its historical average. The Business Roundtable, a lobbying organization of major companies' chief executives, also said its first-quarter survey of CEOs...

3 things to watch for from the Federal Reserve on Wednesday

Mar. 19, 2019 11:11 AM EDT

WASHINGTON (AP) — The Federal Reserve is considered sure to leave its key short-term interest rate unchanged Wednesday and to stress its new watchword — "patient"— in conveying its intention to leave rates alone for the foreseeable future. The Fed has made clear that with a dimmer economic...

Ex-Trump lawyer Michael Cohen's prepared remarks to Congress

Feb. 27, 2019 9:20 AM EST

The prepared testimony of Michael Cohen, President Donald Trump's former personal lawyer, as obtained by The Associated Press before his appearance Wednesday: Chairman Cummings, Ranking Member Jordan, and Members of the Committee, thank you for inviting me here today. I have asked this Committee to ensure that my...