December 13, 2009This week’s economic news was mixed for mortgage markets. A speech from Fed Chief Bernanke pushed mortgage rates lower early in the week, but weak results in the Treasury auctions caused them to turn higher again later in the week. In the end, mortgage rates finished with little net change. Despite a stronger than expected [...]
Read the full article → November 21, 2008Mortgage rates stayed the same this week, but there wasn’t much choice. If the Fed raises rates, economic growth will be retarded, good mortgages will be hard to find, businesses won’t be able to borrow funds needed to carry on daily operations, and a long, painful recession could rear its ugly head. On the flip [...]
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