Monthly Archives: December 2008

Interest Rate Update

The Federal Reserve swooped in to bolster the flagging economy with a further $800 billion rescue package for the failing mortgage industry this week .U.S. mortgage rates fell more than three-quarters of a percentage point when the program was announced. … Continue reading

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I want my 4.5% !!!

Last week, a report was leaked to the press that the Federal Resrve was considering a plan whereby they would purchase mortgage backed securities from Fannie Mae and Freddie Mac with the intention to drive interest rates on conforming loans … Continue reading

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