And that’s with lenders being picky about their customers and particular about their requirements. JPMorgan Chase, for example, will make mortgages to new customers only with credit scores of 700 or more (up from 640) and down payments of 20 percent or higher. USAA has temporarily stopped writing jumbo loans,
WASHINGTON — For months, lawyers at the Justice Department have been marshaling their forces for a possible antitrust lawsuit against Google, spurred on by the personal interest of Attorney General William P. Barr.
The day-to-day digging of a federal antitrust investigation rarely rises to the level of the attorney general
Federal Reserve officials were running a huge experiment with America’s job market before coronavirus lockdowns gripped the American economy, one that could inform how officials think about unemployment — and the path for interest rates — in the pandemic’s aftermath.
The Fed came into 2020 planning to allow unemployment to
The extraordinarily low interest rates in place today are a boon when you’re buying a house, refinancing a mortgage, leasing a car or paying off student debt. If you qualify for a loan, low rates can help you spend less and get more.
But there is a dark side to