Category: Rates

Low Mortgage Rates Can’t Stop a U.S. Housing Market Crash
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Low Mortgage Rates Can’t Stop a U.S. Housing Market Crash

A housing market crash appears inevitable as people won’t be able to buy a home at current price levels. As many Americans lose their jobs due to the coronavirus pandemic, they might want to sell their house to free up money. It’s becoming harder to get a mortgage as lending criteria are tightening. The U.S.…

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Fed Cuts Rates by a Quarter Point as Insurance Against Global Risks
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Fed Cuts Rates by a Quarter Point as Insurance Against Global Risks

The Federal Reserve cut interest rates by a quarter-percentage point, the second cut this year. The Fed moved its benchmark short-term rate target to a range between 1.75 percent and 2 percent at the conclusion of its two-day monetary policy meeting Wednesday. “We took this step to help keep the economy strong in the face…

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