VIDEO: Average 30-year Mortgage Rate Dips To 4.39%

Average U.S. rates for fixed mortgages dipped slightly this week. Mortgage buyer Freddie Mac says the average for the 30-year loan declined to 4.39% from 4.41% last week. The increase was driven by speculation that the Federal Reserve would reduce its $85 billion a month in bond purchases. The rise in mortgage rates and higher home prices slowed sales of existing homes, which have fallen for three straight months.

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VIDEO: Average 30-year Mortgage Rate Dips To 4.39%

VIDEO: FOMC Minutes Indicate Waning Enthusiasm For QE

Japan’s Prime Minister Shinzo Abe published an editorial last night on the World Economic Forum stating that he sees Japan on the precipice of strong wage gains after more than a decade of stagnation. The PM feels strongly about this positive development in Japan after recent meetings with government business and labor leaders. Moreover he feels that the 5-trillion-yen fiscal-stimulus plan should far outweigh the negative effects of the planned sales-tax increases in Japan. Also overnight we heard comments from IMF Managing Director Christine Lagarde. She stated that the Fund intends to upgrade its outlook for global economic growth in the next 3 weeks.

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VIDEO: FOMC Minutes Indicate Waning Enthusiasm For QE

VIDEO: Yellen Stands By Fed"s Low Interest Rate Policies

Janet Yellen is telling a Senate panel that the economy has regained ground lost to Great Recession but still needs the Federal Reserve’s support because unemployment remains too high at 7.3 percent. Yellen is testifying to the Senate Banking Committee, which is considering her nomination to be the next chairman of the Fed. She says the economy is still performing far below its potential. And she points out that inflation is running below the Fed’s 2 percent target.

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VIDEO: Yellen Stands By Fed"s Low Interest Rate Policies

VIDEO: Draghi: ECB Ready To Act If Market Rates Rise Too High

WASHINGTON (Reuters) – European Central Bank President Mario Draghi said the central bank is looking carefully at money market interest rates and is ready to act if they rise too high.

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VIDEO: Draghi: ECB Ready To Act If Market Rates Rise Too High

VIDEO: Hilsenrath: The Fed May Have a Trust Problem

Has Wall Street lost trust in the Federal Reserve following the Fed’s unexpected move to maintain its $85 billion per year bond-buying program? WSJ’s Jon Hilsenrath joins the News Hub to discuss. Photo: AP

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VIDEO: Hilsenrath: The Fed May Have a Trust Problem

VIDEO: Wall St Week Ahead: Fed May Taper Without Causing Market Tantrum

Months of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds.

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VIDEO: Wall St Week Ahead: Fed May Taper Without Causing Market Tantrum

VIDEO: ECB has easing bias, not out of ammunition

European Central Bankl Policymaker Peter Praet says the ECB could plan for more low interest rates, easing bias and cuts if the inflation outlook gets worse.

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VIDEO: ECB has easing bias, not out of ammunition

VIDEO: ECB has easing bias, not out of ammunition

European Central Bankl Policymaker Peter Praet says the ECB could plan for more low interest rates, easing bias and cuts if the inflation outlook gets worse.

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VIDEO: ECB has easing bias, not out of ammunition