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As home prices rise, so does mortgage debt

May 20, 2021
Are borrowers and lenders taking on too much risk?
Most analysts don't expect home prices to reverse in the near term, but if mortgage rates were to substantially increase, the pace of appreciation could slow.
Brandon Bell/Getty Images

Housing is hot, and LA mortgage broker sees no sign of a slowdown

Apr 29, 2021
Vivian Gueler of Pacific Trust Group says demand for housing in Los Angeles is outpacing supply, thanks largely to low interest rates.
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Fed once again leaves interest rates unchanged

Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.
Fed Chair Jerome Powell says the higher inflation we’re seeing now in some parts of the economy is temporary, and unemployment is still too high.
Jim Lo Scalzo/Pool/AFP via Getty Images

Fed and Treasury chart path back to "full employment"

Feb 24, 2021
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
Federal Reserve Chair Powell testified on Capitol Hill about the U.S. labor market.
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How low interest rates may shape the start of a Biden presidency

Nov 24, 2020
The only thing really left is for Congress and a president to pass more stimulus.
President-elect Joe Biden announces key cabinet nominees at a press conference on Nov. 24 in Wilmington, Delaware.
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Fed Chair Powell says full economic recovery depends on managing COVID-19

Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
Drew Angerer/Pool/AFP via Getty Images

The Fed meets again this week. It's likely to keep interest rates low for a while.

Nov 2, 2020
What do ongoing low interest rates mean for consumer saving and spending, and businesses seeking help with debt?
With bank accounts paying next to nothing in interest, some people are starting to spend their money.
Daniel Slim/AFP via Getty Images

For public good, not for profit.

Who actually gets those low, low mortgage rates?

Oct 20, 2020
Different lenders may offer the same individual wildly different rates and fees.
A construction worker walks through the site of a new house being built in San Marino, California. Housing starts in September were up 11% from last year.
Frederic J. Brown/AFP via Getty Images

What's behind the stock market's strong third quarter?

The S&P 500 gained 8.5%, the Dow is up 7.5% and the Nasdaq is up 11% for the quarter.
Angela Weiss/AFP via Getty Images

Fed plans to keep interest rates near zero through 2023. What else can it do for the economy?

Fed Chair Jerome Powell said another relief package from Congress will likely be needed.
The Fed can't make grants. That's Congress' job. "These are lending powers, not spending powers," Fed Chair Jerome Powell said Wednesday.
Brendan Smialowski/AFP via Getty Images