Housing Mortgages Information

Fed’s Yellen Says Current Rates “Appropriate” to Stimulate Growth

San Francisco Fed President Janet Yellen (non-voter) said rates are "appropriate" for encouraging growth and that the real Fed funds rate is near zero.

In a Q&A session following her speech, Yellen said some negative scenarios for the housing market remain and that the extent of the drop in housing prices is the biggest unknown. She also said she is concerned about an adverse feedback loop on home prices...