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Fed to reduce pace of bond buying by another $10B (access required)

WASHINGTON  — The Federal Reserve is pushing ahead with a plan to shrink its bond-buying program because of a strengthening U.S. economy. It’s doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled ...

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UPDATED: Yellen faces challenges as Fed trims bond buys (access required)

WASHINGTON — Janet Yellen will take the helm of a Federal Reserve facing a significantly different economic landscape from the one that dominated Ben Bernanke’s tenure as chairman, confronting her with different decisions as well. Bernanke’s eight years leading the ...

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US construction spending up 1 percent in November (access required)

WASHINGTON  — U.S. construction spending rose in November at the strongest pace in more than four years, driven by solid gains in home construction and commercial projects. The Commerce Department said construction spending increased 1 percent in November to a ...

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Average US 30-year mortgage rises to 4.48 percent (access required)

WASHINGTON  — Average U.S. rates for fixed mortgages crept higher this week but remained low by historical standards. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 4.48 percent from 4.47 percent last week. ...

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New homes sales fall monthly; up 16 percent from Nov. 2012 (access required)

The annualized rate of new single-family homes sold in November – 464,000 – dipped slightly from October, according to data from the U.S. Commerce Department. New home sales for the month were down 2.1 percent from October’s revised seasonally adjusted ...

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US mortgage applications tumble to a 13-year low (access required)

WASHINGTON — The number of Americans applying for mortgages has fallen 63 percent since a May peak, reflecting a cooling housing market and higher borrowing rates. The Mortgage Bankers Association says applications fell a seasonally adjusted 6.3 percent last week ...

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