The U.S. Federal Reserve is expected to hold interest rates steady at a meeting this week and suggest it is in no rush to raise them, even as it acknowledges some troubling signs on the inflation front.
Surging oil prices and lingering financial-sector weakness are clouding some hopeful signs that the U.S. economy has weathered the worst of a credit crisis and is poised to work its way through a period of sluggishness with the help of low interest rates and the government's fiscal stimulus handouts.
While record-high oil and gasoline costs risk upsetting the Fed's forecast for slowing inflation, officials also remain concerned that the economy has yet to find solid footing.
Product Rate APR
3/1ARM *5.875% *5.953%
5/1 ARM *6.000% *6.078%
15 Yr. Fix. *6.125% *6.203%
30 Yr. Fix. *6.500% *6.578%
*Rate is based on 20% down payment
*APR is based on $250,000 loan amount