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Fed Open to Linking Rate Hike to Economic Gauge

October 4, 2012 RSS Feed Print
The Federal Reserve.

The Federal Reserve.

A few members expressed skepticism that additional bond purchases would help while also expressing concerns about inflation.

The average rate on the 30-year fixed mortgage has been below 4 percent all year. This week the rate fell to a record low of 3.36 percent. While home sales are rising, they remain well below healthy levels.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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mortgages,
business,
Associated Press,
debt

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