Last week, Director of the Federal Housing Finance Administration Bill Pulte revealed a plan to offer 50-year mortgages to the public. The 30-year fixed-rate mortgage, created in the 1930s, helped generations to slowly build…
Dissent at the Fed meeting: For the second time this year, the Federal Reserve Board cut interest rates by a quarter point—the lowest level in three years. "This remains a very divided Fed, as evidenced by the fact that…
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