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Seth Lipsky
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Economy
The Fed’s 15 Minutes: Plan to Offload Mortgage-Backed Securities Could Push Interest Rates Even Higher
What the Fed has said ‘has already had a huge impact on interest rates in general and mortgage rates in particular. Housing affordability numbers have gone through the floor. Affordability is now at record low levels.’
The seal of the Board of Governors of the United States Federal Reserve System. AP/Andrew Harnik, file
SCOTT NORVELL
Mr. Norvell has more than 30 years experience in the media business, primarily with start-ups. He helped launch CNN’s first online news product in 1995, and was recruited to launch the Fox News Channel in 1996 as its first Latin America bureau chief. His reporting and writing has appeared in The New York Times, The Washington Post, Time and Fortune magazines, The Miami Herald, the Los Angeles Times, and others.
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