The U.S. Census Bureau and the Department of Housing and Urban Development announced today that the number of privately-owned housing starts decreased in November.
The Federal Reserve lowered the Fed funds rate this week by 1/4 point to 4.25 percent. The Fed funds rate is the rate at which banks loan money to each other. Great, but what does that mean for you, the consumer?
Last week, long-term interest rates dropped to their lowest point in two-years, and consumers took action, according to the latest Mortgage Applications Survey released today by the Mortgage Bankers Association.