With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.
Banking & Finance
The latest coverage of the banking and financial sectors.
By Cheryl K. Chumley - The Washington Times
Former Secretary of State Hillary Clinton took yet another subtle step toward the White House in 2016 by swiping at the very thing those in the progressive camp of her party accuse her of cozying up to — Wall Street. Published October 24, 2014
Sen. Elizabeth Warren's new language regarding a possible White Houser run in 2016 has taken a decided turn from "heck, no" to "maybe."
Consumers are enjoying a break from high gas prices, which have fallen below $3 a gallon in many areas, but the drop has precipitated a cold war among oil producers that has all the intrigue, suspense and looming destruction of a Tom Clancy novel.
Banks will get a break in easier rules for packaging and selling mortgage securities and fewer borrowers will have to make hefty down payments under actions taken by federal regulators.
A sudden plunge in mortgage rates last week raised an urgent question for millions of Americans: Should I refinance my mortgage?
After a long, slow convalescence from the Great Recession, the U.S. economy has emerged this year as a major force for global growth for the first time in a decade, even as some of its top rivals struggle.
Calling identity theft a "heartbreaking" crime that robs Americans of their financial security, President Obama on Friday signed an executive order to put in place new protections for consumers who receive government benefits.
Federal Reserve Chair Janet Yellen said Friday that the last several decades have seen the most sustained rise in income inequality in a century.
A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years.
Recent Opinion Columns
The U.S. economy is underperforming, and the Federal Reserve's low interest rate policies won't reinvigorate it.
Hey, did you hear the story about the former Federal Reserve chairman who couldn't get his mortgage refinanced?
Just as he does every election year, President Obama is pivoting to the economy.
Congress is back in session, and will likely vote soon on one of the most contentious issues leading into the midterm elections: the Export-Import Bank.
It was — and always is — enlightening to be outside the D.C. Beltway, where manufacturers grapple not only with increasing and sustaining sales, but with the real-world implications of Washington's latest action or inaction.
The market for U.S. government debt securities is among the largest and most liquid in the world; yet, disclosures are woefully inadequate.