Ultra-low Fed rates stoked housing boom: Taylor
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In rare public criticism  of Alan Greenspan, former U.S. Undersecretary for International  Affairs John Taylor said on Saturday that ultra-low Federal  Reserve interest rates had stoked the U.S. housing boom and  subsequent bust.
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Global stock markets surged after the Federal Reserve moved aggressively to head off the risk of a sharp slowdown in the US economy on Tuesday, cutting interest rates by 50 basis points to 4.75 per cent.
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Applications for home mortgages jumped  to their highest level in nearly four years as low interest  rates led more homeowners to seek refinancing, according to  data from an industry group on Wednesday.
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The Federal Reserve raised U.S. interest rates on Tuesday by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels to forestall inflation.
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Interest rates on US 30- and 15-year mortgages rose just slightly this week following a government report of more jobs in July and August and Federal Reserve testimony that the economy &quot;regained some traction,&quot; mortgage
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Sales of existing U.S. homes surged  by an unanticipated 3.1 percent in September as low mortgage  rates fueled home buying, a trade association said on Monday.
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Stocks surged on Tuesday after the Federal Reserve slashed interest rates by a half-percentage point, giving relief to investors worried that the housing and credit market turmoil could spread to the broader economy.
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Sales of existing US homes unexpectedly rose by 2.7 percent in November as low mortgage rates fueled a record pace of home-buying, a trade association report showed on Wednesday.
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Sales of existing U.S. homes surged  unexpectedly by 3.1 percent in September as low mortgage rates  fueled home buying, a trade association report showed on  Monday.
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U.S. Treasury debt prices rallied on  Thursday, knocking yields to five-months lows, as low inflation  and soft manufacturing figures triggered a buying spree that  took on a technical momentum of its own.
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Interest rates on US 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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U.S. mortgage applications rose sharply last week, fueled by a surge in demand for home refinancing loans, as interest rates sank to their lowest in more than a year, an industry trade group said on Wednesday.
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WASHINGTON - The US Federal Reserve, as expected, boosted its key interest rate on Tuesday for the third time in three months as it tries to stay one step ahead of inflation by gradually raising rates from 42-year lows.
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Mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday.
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Applications for home mortgages jumped to their highest level in nearly four years as low interest rates led more homeowners to seek refinancing, according to data from an industry group on Wednesday.
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Lower oil prices and a strong U.S. commercial property sector will help offset the serious problem of a cooling housing market, Dallas Federal Reserve President Richard Fisher said in a newspaper interview published on Tuesday.
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The US economy is gaining momentum, bolstered by home building, shipping, and even the beleaguered manufacturing sector, the Federal Reserve said yesterday in a newly upbeat assessment.