interest rates: FED must cut interest rates - 10/07/08 12:01 PM
The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy.
Markets are hoping that the Fed will cut interest rates either at or before its next scheduled meeting on Oct. 28-29. … (0 comments)
interest rates: Mortgage rates fell sharply today - 09/08/08 06:20 PM
The government's takeover of Fannie Mae and Freddie Mac - mortgage titans that own or guarantee about half of all U.S. mortgages -
These lower rates will help borrowers who had been nervously waiting for the best time to get out of the adjustable-rate mortgages they took out during the housing … (0 comments)
interest rates: Interest Rates Drop - Where are the buyers - 08/20/08 07:32 PM
Previously, Mortgage Banker Association announced a sharp drop in mortgage applications.
However , what was surprising about the drop was that there has been a drop in interest rates as well.
According to a the MBA ,
"The average rate for traditional, 30-year fixed-rate mortgages fell to 6.47 percent during the week … (0 comments)
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The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy.
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