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Federal Reserve Chairman Ben Bernanke was at it again, issuing a reality check to optimists still giddy over last Friday’s reduction in the U.S. unemployment number (from 10.2% to 10%). In the process, Bernanke tossed a pitcher of cold water on Read More »
A surprisingly positive U.S. employment report boosted thoughts of an economic recovery, and with it, higher mortgage rates for U.S. mortgage customers. Specifically, 15-and 30-year mortgage rates were on the upswing, as measured by Read More »
By Jeannine Aversa, AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke warned Monday that it's too soon to know whether the economic recovery will last and again pledged to hold rates at record-low levels for an "extended period.
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