Applications for home mortgages in the U.S. have dropped to a record low since the Federal Reserve announced its plans to slow its bond-buying program.
On Wednesday, the Federal Reserve announced it will cut its bond-buying program by $10 billion starting January. So what about this whole tapering thing? What’s it gonna mean for you and me and Aunt Mabel?
About 75 percent of Americans couldn't identify the bond buying program from a multiple choice list. So it's not too late to ask: Quantitative Easing entails the FED buying bonds to keep interest rates down and encourage lending.