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For the third time in 2018 Federal Reserve raises interest rates

September 26, 2018 by Jason Shortes

The benchmark interest rate was expectedly increased by one-quarter of a percentage point by the Federal Reserve on Wednesday, with more signs that the rates will be raised once more in December. After the conclusion of its two-day meeting where the monetary policy is decided, the Federal Open Market Committee continually pronounced the economic conditions as strong. According … [Read more...]

Federal Reserve ready to increase interest rates again as employment and income grow

September 25, 2018 by Jason Shortes

It seems as though the Federal Reserve are set to increase the interest rates Wednesday, this followed the response from the central bank on the up rise of inflation and the blooming hiring by U.S. recruiter, this is also the third time such occurrence is happening this year. On Tuesday, a two-day meeting was commenced by the Federal Open Market Committee and stakeholders are … [Read more...]

Money market rates in Hong Kong increased to decade high before US Federal Reserve raises key interest rates

September 24, 2018 by Jason Shortes

The short-term money market rates in Hong Kong increased to their highest levels on Monday for the first time in ten years, as the Financial Secretary issued a warning to homebuyers to anticipate higher mortgages in response to the rise in the local expense of funds in lockstep with the United States benchmarks in the latter part of this week. Hibor, which is the interbank … [Read more...]

For the first time in seven years Norway increased benchmark rate

September 21, 2018 by Jason Shortes

For the first time in seven years, the central bank in Norway increased interest rates as the policymakers in the wealthiest economy in Scandinavia have begun the process of letting go of the record stimulus set up to handle the impact of the horrible oil crisis in a generation. Norges Bank increased the benchmark rate by a quarter point to 0.75 percent, a confirmation of the … [Read more...]

As interest rates move to a 7-year high weekly mortgage applications move up 1.6%

September 20, 2018 by Jason Shortes

The entire mortgage application volume has recorded an increased valued at 1.6 percent last week in comparison with the penultimate week. The increased interest rates may be the factor behind the return of the borrowers to their brokers. The average contract interest rate for 30-year fixed-rate mortgages with corresponding loan balances increased to its highest level for the … [Read more...]

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Recent Posts

  • As interest rates spike to a near 8-year high, weekly mortgage applications drop 7.1%
  • According to the most recent survey, volume is down for mortgage applications
  • With rates on the rise, Charles Evans says, the Federal Reserve must plan for the next downturn
  • During a live conference Canada has a plan for rising rates and high debt
  • For the fifth time Bank Indonesia raises rates to contain currency

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