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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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There was some big news in the mortgage industry last week. The Federal Reserve announced Quantitative Easing 3, which will funnel another $40 billion into purchasing mortgage backed securities. Wow, that’s a lot of money. Even more so when you consider that the $40 billion is EACH MONTH! We’ve seen the market react a little to this news and it has put some pressure on interest rates, lowering them from last week and possibly lowering them further in the coming weeks although not by much. The intention isn’t really to lower rates but to keep them from rising. (0 comments)
ben bernanke: Apriil 25th Market Update: The Fed said what? - 04/25/12 12:38 PM
Good Afternoon, At 11:30 this morning, The Federal Reserve issued their monthly statement and interest rate decision. Traditionally this has big potential to cause a stir in the market and drive interest rates up or down for the coming few days. So what did Chairman Ben Bernanke and co say? The Key points are summed up here. As has been the norm for the past few statement releases, the Federal Reserve believes that the economy is improving but is still cautiously optimistic and does not see raising the key interest rate until closer to 2014 at this point. The key interest (0 comments)
ben bernanke: Leap Day Market Update and a Toddler word of warning... - 02/29/12 07:37 AM
Good afternoon, Ahhh, life with a Toddler in daycare. If I hadn’t been home with Bronchitis last week, I would have sent you another market update stating that rates had risen slightly across the market. As the nurse told me: ‘this will be the sickest year of your life’ and so far she’s been spot on. I love seeing my little girl when I pick her up each day, but the new germs she brings home with her each day, not so much. That being said, interest rates across the market are virtually identical to where we were at two weeks (2 comments)
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.