Countrywide and Bank of America News Upstages Rates
- By:
- Paul King | January 11, 2008
There was no significant economic news posted this week, and mortgage rates were largely flat during the week. The biggest news came today with the annoucement that Bank of America would purchase Countrywide (the largest US lender) for 4 billion USD.
Fed Chair Bernanke also gave a speech that reaffirmed his willingness to cut interest rates further if needed, yet his concern that doing so would damage other parts of the economy, namely entice inflation and further devalue the laggard US dollar.
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Mortgage Rates Head Downward
- By:
- Bill Rice - MortgageLoan.com | September 04, 2008
Market proves Fannie, Freddie can continue to competitively finance debt. Sends Fannie, Freddie stock up and the US Dollar is ticking up.
Market Watches Freddie Debt Sale
- By:
- Bill Rice - MortgageLoan.com | September 02, 2008
All mortgage and investor market eyes are on Freddie Mac's debt sale today.
30 Year Mortgage Rate Lowest in 6 Weeks
- By:
- Bill Rice - MortgageLoan.com | August 29, 2008
The 30-year fixed mortgage rate continues to decline slightly everyday. Currently, it has reached its lowest level in 6 weeks and is lower than the same time last year.
Mortgage Rates Continue Fall
- By:
- Bill Rice - MortgageLoan.com | August 28, 2008
Mortgage rates continue to fall slightly, but don't expected it to be the long-term trend.
FOMC Minutes
- By:
- Bill Rice - MortgageLoan.com | August 27, 2008
The recently released FOMC Minutes reflect a general consensus that inflation is the primary Fed concern.
Existing Home Sales Up
- By:
- Bill Rice - MortgageLoan.com | August 25, 2008
The National Association of Realtors report that existing home sales climbed in July, exceeding expectations.
Bernanke Speaks Today
- By:
- Bill Rice - MortgageLoan.com | August 22, 2008
A full agenda of challenges greets the Federal Reserve governors at there annual Jackson Hole, Wyoming symposium.
Bernanke:Inflation Uncertain
- By:
- Bill Rice - MortgageLoan.com | August 22, 2008
Bernanke assures market the Fed will "act as necessary."
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