Interest rate

(AP Photo)

US rate on 30-year mortgage falls to 4.29 percent

WASHINGTON (AP) – Average U.S. rates on fixed mortgages eased this week after last week’s surge, declines that could prompt homebuyers to act quickly before rates rise further. Freddie Mac says the average on the […]


Republicans to back Obama’s student loan idea

WASHINGTON (AP) — House Republicans are willing to give President Barack Obama a rare victory on college loans. The GOP-led House Education and Workforce Committee is backing an idea in Obama’s budget proposal to link […]


Neither party has cash to fix student loan rates

WASHINGTON (AP) — Incoming college freshmen could end up paying $5,000 more for the same loans their older siblings have, if Congress doesn’t keep interest rates from doubling. If that sounds familiar, it’s because the same warning came last year.


Ben Bernanke

Fed to change timing of policy statement

WASHINGTON (AP) — The Federal Reserve is changing its schedule for issuing policy statements, a shift that will give Chairman Ben Bernanke more control over how investors respond to the Fed’s decisions.



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