Tag: fannie maeSort
Mortgage rates fell to new record lows, yet again, last week. The 30-year fixed rate hit 3.56% and the 15-year fell to 2.86% as U.S. Treasury bond yields eased after a disappointing jobs report for June.
The average 30-year rate has now been below 4% for 16 weeks. The low rates look better and better for those who aim to refinance, qualify and aren't stuck in bank backlog. Unfortunately, conditions have prevented many homeowners from taking advantage.
Low Volume at the Start of the Week, Mortgage Stocks Surge
The U.S stock market started the week on a positive note, ending the session with mild gains. Even though the intraday session was characterized by choppy trading, the indices received a boost towards the end of the session, backed by individual stocks from the housing sector.
Positive sentiment already came during morning hours, as China stated that its growth could reach 10% by next year.
Fannie, Freddie avoid NYSE delisting after stocks soar
Despite Wall Street's scorn, speculators don't give much ground
Tent Cities Of Newly Poor & Homeless On The Rise In The US
March 5, 2009 - The recent Term Asset-Backed Securities Loan Facility (TALF) announcements bring to mind Einstein's definition of insanity - "doing the same things over and over again and expecting different results". It is well documented that securitization of loans, use of leverage, and government intervention...