federal reserve: MA mortgage rates down? Thank you, Federal Reserve - 11/25/08 08:10 PM
The Federal Reserve announced today that over the next year (18 months at most), they will be buying up mortgage-backed securities to the tune of $500 billion.
This is what the Fed had to say in a statement, per a Bankrate.com article,
"This action is being taken to reduce the cost … (1 comments)
federal reserve: Bearded Ben Bernanke brings banks billions - 10/08/08 12:33 PM
The Federal Reserve opened its coffers once again in an effort to abate the current credit crisis, at least in this country. One of the big current problems involves banks and other companies refusing to lend each other short-term money, often referred to as commercial paper.
The major problem involves lack … (1 comments)
Related Links:
John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
The Federal Reserve announced today that over the next year (18 months at most), they will be buying up mortgage-backed securities to the tune of $500 billion.
;)
;)
