Tag Archives: treasury notes

Federal Reserve Struggles To Loosen Credit Market

The Federal Reserve is operating a program to buy over one trillion dollars worth of mortgage-backed securities. This keeps mortgage interest rates at record lows. This program is expensive and members of the Federal Reserve board are arguing about whether … Continue reading

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British Banks Reluctant To Loan

The Labor government is working to restore confidence among banks over lending to one another. The Bank of England governor testified before parliament. He wants a second five-year term as leader of the UK’s central bank. Mervyn King says he … Continue reading

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Fixed Mortgage Rates Plunge

Bankrate says: NEW YORK, March 20 /PRNewswire-FirstCall/ — Fixed mortgage rates fellsharply in the past week, with the average conforming 30-year fixedmortgage rate now 5.98 percent. According to Bankrate.com’s weekly nationalsurvey of large lenders, the average 30-year fixed mortgage has … Continue reading

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Refinance Apps Up Almost 100%

Kiplingers says the Mortgage Bankers Association reported in mid January that refinance applications were up 92% since the beginning of November. The better your credit score and the more equity you have in your home, the better the deal you … Continue reading

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