A recent report by the Federal Reserve claims that the equity position of homeowners in the United States increased by over one trillion dollars in the last 15 months. This is a simply staggering number, and one that many people are rightly questioning. According to the Federal Reserve’s latest “flow of funds” statistical report, homeowner [...]
Archive of posts tagged Federal Reserve
Federal Reserve Report Shows Americans Gained Over One Trillion in Home Equity in the Last 15 Months
Federal Reserve Plans To Keep Short Term Interest Rates Low
The Federal Reserve announced recently that it plans on keeping its policy of low short term interest rates for the foreseeable future. The Federal Reserve controls two key interest rates called the Federal Funds Rate and the Discount Rate. They do not directly control mortgage rates, but keeping these rates low does have some indirect [...]
