Archive for the 'Ben Bernanke' Category (Chronologically Listed)

Bernanke Ready To Cut Rates Again

At a meeting with Congress this morning Ben Bernanke stated that the economic outlook has once again deteriorated and signaled that the central bank is ready to keep lowering rates as needed to combat economic deterioration.

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Posted by Ryan Fiore on Feb 14 2008 under Ben Bernanke, Federal Reserve, Housing Market





Ben Bernanke on the Economy and Financial Markets

Ben Bernanke spoke today at the Committee on Banking, Housing, and Urban Affairs regarding the economy.

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Posted by Ryan Fiore on Feb 14 2008 under Ben Bernanke, Federal Reserve, Housing Market, Mortgage Lending





Federal Reserve Expected to Cut Rates .5 Percent Today

At 2:15 PM today the Federal Reserve is expected to drop rates by a half of a point as part of an ongoing effort to combat the effects of the housing slump and credit crunch on the economy.

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Posted by Ryan Fiore on Jan 30 2008 under Ben Bernanke, Federal Reserve, Gross Domestic Product, Housing Market, Mortgage Rates





Economic Growth Drops to Five Year Low

The gross domestic product, which measures total goods and services output within US borders, hit a weaker than expected five year low of .6% in the fourth quarter of 2007.

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Posted by Ryan Fiore on Jan 30 2008 under Ben Bernanke, Federal Reserve, Gross Domestic Product, Housing Market





Federal Reserve Slashes Funds Rate By .75 Percent

Fears of recession rise as the Federal Reserve had an emergency rate cut today lowering a key interest rate by three quarters of a percent.

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Posted by Ryan Fiore on Jan 22 2008 under Ben Bernanke, Federal Reserve, Inflation, Mortgage Rates





Federal Reserve Releases Statement That Cuts Interest Rates

The Federal Reserve released this statement earlier today.

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Posted by Ryan Fiore on Jan 22 2008 under Ben Bernanke, Fixed-Rate Mortgages, Frederick Mishkin, Mortgage Rates, Uncategorized





Ben Bernanke Speaks About National and Regional Economic Overview

Joining in on the earlier Federal Reserve member’s speech, Federal Reserve Chairman Ben Bernanke spoke today at the Charlotte Chamber of Commerce about the credit market and monetary policy.

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Posted by Ryan Fiore on Nov 29 2007 under Ben Bernanke, Federal Reserve, Housing Market





Fannie & Freddie Loan Limits to Stay at $417,000

James Lockhart, the Office of Federal Housing Enterprise Oversite director said in a statement today that “While the house price survey data used in determining the conforming limit shows a decline over the past year.. the level will remain at $417,000 for the third straight year.”

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Posted by Ryan Fiore on Nov 27 2007 under Ben Bernanke, Fannie Mae, Freddie Mac, Henry Paulson, Mortgage Lending





Federal Reserve Worried About Economic Growth

Federal Reserve chairman Ben Bernanke warned congress on Thursday that the central bank is keeping a close eye on the subprime mortgage crisis and the recent spike in oil prices.

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Posted by Ryan Fiore on Nov 08 2007 under Ben Bernanke, Energy Prices, Federal Reserve, Housing Market, Inflation





Fed Votes 9 to 1 in Favor of Lowering Rates .25 Percent

At 2:15 today the Federal Reserve announced that they will be lowering the discount rate a quarter bringing it to 5 percent & the funds rate down a quarter bringing it to 4.5 percent. These quarter rate cuts came after the gross domestic product results came in higher than expected.

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Posted by Ryan Fiore on Oct 31 2007 under Ben Bernanke, Federal Reserve, Housing Market, Mortgage Rates