Federal Reserve Slashes Funds Rate By .75 Percent
Fears of recession rise as the Federal Reserve had an emergency rate cut today lowering a key interest rate by three quarters of a percent.
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Archive for January, 2008
Federal Reserve Releases Statement That Cuts Interest Rates
The Federal Reserve released this statement earlier today.
Posted by Ryan Fiore on Jan 22 2008 under Ben Bernanke, Fixed-Rate Mortgages, Frederick Mishkin, Mortgage Rates, Uncategorized
Bank of America buys out Countrywide Financial
This acquisition is another major investment for Bank of America who has spent more than $100 billion since 2004 becoming the second largest bank.
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Mortgage Applications Fly Up 32% Last Week
According to the Mortgage Bankers Association mortgage applications flew up 32.2 percent last week ending with January 4th.
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Posted by Ryan Fiore on Jan 10 2008 under Mortgage Applications, Mortgage Lending
Mortgage Applications Down 11.6 Perecent Last Week
The Mortgage Bankers Association reported today that mortgage applications fell a seasonally adjusted 11.6% in the last week of 2007.
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