Jun 1, 2009 0
Fed Efforts on Low Mortgage Rates Low
The efforts of the US Federal reserve seems to only have a small impact on keeping mortgage rates low.
Apr 22, 2009 0
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
Feb 25, 2009 0
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.