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Fed Efforts on Low Mortgage Rates Low

The efforts of the US Federal reserveĀ seems to only have a small impact on keeping mortgage rates low.

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Timothy Geithner – Banks have Enough Capital

Treasury Secretary Timothy Geithner was speaking at the TARP’s Congressional Oversign Panel on Tuesday. Continue reading Timothy Geithner – Banks have Enough Capital

Mortgage Backed Securities Up a few Points

This is particularly good news. It seems that securities that are currently backed by mortgages closed up a few points higher. What did that mean for the rest of the market? It meant that some lenders had to reprice, for the greater good. Although it didn’t seem to move this morning. Mortgage backed securities rates are about the same today and yesterday’s. Conventional mortgages should rate at around 4.75 to 5, just check your local broker or shop around for some lenders.

Continue reading Mortgage Backed Securities Up a few Points

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Latest from the News

Read the news carefully today. You never know what you're gonna get. For recommended reading materials on mortgages and refinance aspects and how to fix your deeds or just plain news on real estate, check out the new york times online. It's a very good source of information.