United States mortgage rates are falling steadily and have reached the lowest level in over a month just after the International Monetary Fund had investors heading for the safety of U.S. government bonds. According to a statement made on Thursday by Freddie Mac (FMCC:US), the average 30-year fixed mortgage rate decreased to 4.12 percent from last week’s 4.19 percent. Additionally, the average … [Read more...]
Federal Reserve Hitting U.S. Banks with Costly Requirements
The biggest U.S. banks are targeted by the Federal Reserve, who plans on adding costly new requirements that could reduce the risk of financial firms remaining too big to fail. Six years after the financial crisis erupted, Daniel Tarullo, Fed Governor, explains that they mean to impose a capital surcharge. This modification would have U.S. banks required to maintain cushions that protect … [Read more...]