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Rock bottom interest rates boon for ag

December 10, 2012 in Grand Forks Herald

Behind the scenes, low interest rates are impacting most financial aspects of area agriculture. Continue Reading

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Home Buyers In GF Are Taking Advantage Of Low Interest Rates

June 17, 2012 in WDAZ

It’s widely known that North Dakota’s economy has long been the envy of the entire nation. The state never took a big hit from the recession and the housing market in the Red River Valley has remained strong for years. With historically low interest rates right now, realtors say there is no better time to buy than now. Continue Reading

Federal Reserve close to outlining plan to clarify direction of interest rates

December 12, 2011 in Grand Forks Herald

A Fed policy meeting Tuesday will likely focus, in part, on an evolving plan to reveal the direction of interest rates more explicitly. The Fed may decide, for example, to regularly update the public on how long it plans to keep short-term rates at record lows. The new communications strategy could be unveiled as soon as next month. The new communications strategy could be unveiled as soon as next month.
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Fed Reserve’s low rates no fix for retirees, interest income dependents

August 10, 2011 in Grand Forks Herald

For retirees and others who need interest income, the Federal Reserve’s near-zero interest rates are not so great. Those low rates alsoare unlikely to likely revive a depressed home market, energize a weak economy or reassure frightened consumers. Continue Reading

Federal Reserve: Interest rate likely staying near zero for next 2 years

August 9, 2011 in Grand Forks Herald

The Federal Reserve said today that it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought and faces increasing risks. Continue Reading

Mortgage rates fall to fresh lows

November 11, 2010 in Grand Forks Herald

Rates on fixed mortgages dropped to their lowest levels in decades this week after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth.

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