Sign in to comment!

Menu
Home

Industries

Boehner on Fiscal Cliff Talks: We're 'Going Nowhere'

John Boehner

U.S. House of Representatives Speaker John Boehner on Friday said Republicans and President Barack Obama are locked in a stalemate, a month before a $600 billion "fiscal cliff" of tax hikes and spending cuts is set to kick in.

"There is a stalemate; let's not kid ourselves," said Boehner, speaking to reporters a day after Obama made a budget offer that Republicans called unacceptable.

Obama and Republicans are holding firm in their respective positions, with the biggest sticking point being whether to extend low tax rates on household income above $250,000. Boehner said Republicans still oppose raising tax rates on any income group.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.22% dw 4.27%  
15 Y Fixed Graph 3.19% dw 3.24%  
30 Y Fixed Jumbo Graph 4.37% dw 4.42%  
5/1 ARM Graph 3.30% dw 3.33%  
5/1 Jumbo ARM Graph 3.35% dw 3.38%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.54%  
$50K HELOC Graph 4.06% dw 4.09%  
$30K Loan Graph 5.07% dw 5.08%  
$50K Loan Graph 4.55% dw 4.56%  
$75K Loan Graph 4.55% dw 4.56%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.06% -- 3.06%  
36 M Used Graph 3.28% dw 3.29%  
48 M New Graph 3.05% up 2.96%  
48 M Used Graph 2.88% dw 2.96%  
60 M New Graph 3.08% dw 3.21%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.36% -- 0.36%  
1 yr Graph 0.60% -- 0.60%  
5 yr Graph 1.45% up 1.44%