Home Loan Interest Rates To Rise Slightly

Home Loan Interest Rates To Rise Slightly

The Federal Reserve will probably start raising interest rates around the middle of 2015 two top officials at the U.S. central bank said, although both said the exact timing will depend on the economy.  “What we think now is that the capital markets have it more or less right but we don’t ourselves know when we’re going to do it,” Fed Vice Chairman Stanley Fischer said in Washington.  “On the basis of our forecasts of the data … it looks like markets more or less have it right – somewhere in the middle of the year.”    The Fed has kept rates near zero since 2008 and has nearly quadrupled its balance sheet to more than $4 trillion through a series of bond purchase programs in an effort to push borrowing costs down further and boost hiring.

  • Reuters, January 2015

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Dated: March 2nd 2015
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