'Federal Reserve' articles

Positive economic news pushes mortgage rates

September 24th, 2010

Bad news in the economy is good news for those looking for a mortgage. Good economic news is good for the nation but not so good for mortgage seekers as...  Read More

Mortgage rates inching up despite economy

September 17th, 2010
In the short term bad economic news is good news for you if you are shopping for lower mortgage rates. This past week economic data was not good, not real...  Read More

Interest Rates Rise On Quiet Week

September 10th, 2010
A quiet week in economic news with the Labor Day holiday saw interest rates rise. Mortgage calculators saw more activity for new home loans than refinance mortgages. Here is the...  Read More

Mortgage Rates Continue Slow Decline, Jobs Still Needed

September 03rd, 2010
For the eighth week in a row 30-year fixed rates fell. For the third month in a row the economy lost more jobs than it produced. Cause and effect? Absolutely;...  Read More

Mortgage Relief Coming for Unemployed Homeowners

August 30th, 2010
Over the weekend, the Obama Administration announced a new mortgage relief program to assist homeowners who have faced an unexpected reduction in income. If you are unemployed, are underemployed in...  Read More

Look Out Below! Economic News and Mortgage Rate Update

August 27th, 2010
Among various economic reports, the only numbers that went up this week in are those of refinance applications. News wires indicated declines in economic data, suggesting a still struggling economy....  Read More

Refis At Highest Levels In Twenty Months

August 20th, 2010

The current economic climate has resulted in changes in conventional wisdom. No longer are homeowners merely looking to lower monthly mortgage payments or pull cash out of their properties. Today...  Read More

Closing Cost Credits Save You Thousands

August 17th, 2010

Would you rather pay $237,500 for your new home or $250,000? Would you rather have a 4.25 percent interest rate or 4.5 percent? The instant reaction is to say you...  Read More