The mortgage crisis is nobody’s fault

by DP Opinion The mortage crisis is not the government’s fault. They have been telling us since the 1980s that business, once free from the shackles of regulation, will thrive, thus stimulating the economy and trickling ... More... (Mortgage News)
Add a Comment , April 8th, 2008

Not all borrowers benefit from Fed’s recent rate cuts

By JEFF D. OPDYKE and JANE J. KIM THE WALL STREET JOURNAL The Federal Reserve has lowered interest rates for the sixth time since September, but the campaign is helping with only certain kinds of borrowing. Rates on ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , March 26th, 2008

Washington Sees Several Fronts For Attacking Mortgage Crisis

WASHINGTON -- After a week of government interventions into the housing and financial markets, Washington is gearing up for a wide-ranging government response to the problem. Here are some possible areas for action: HOUSING: Democrats, in ... More... (Mortgage News)
Add a Comment , March 24th, 2008

Mortgage rates may keep rising

The Federal Reserve keeps cutting interest rates, but interest rates on mortgage loans aren't falling. Just the opposite. The chart above, from the front page of today's Globe, shows the pattern nicely. The basic reason is ... More... (Mortgage News)
Add a Comment , March 19th, 2008

Stocks soar, Dow rises 420 points

NEW YORK - Wall Street stormed higher Tuesday as investors, optimistic following stronger-than-expected earnings from two big investment banks, were also galvanized by the Federal Reserve's decision to cut interest rates by three-quarters of a ... More... (Mortgage News)
Add a Comment , , March 18th, 2008

Not the Deepest Rate Cut

The Fed's cut of three-quarters of a percentage point is less than investors were expecting, but markets rallied nonetheless After weeks of surprisingly aggressive moves to arrest the credit crunch, the Federal Reserve on Mar. 18 ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , March 18th, 2008

Dollar up vs. euro, yen after Fed cut

Less is more for investors betting on dollar gains SAN FRANCISCO (MarketWatch) -- The dollar rallied against the yen and the euro after initially seesawing against major rivals Tuesday, after the U.S. Federal Reserve's decision to ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , , March 18th, 2008

Rate drop equal re-fi? Not so fast

Fixed and ARM mortgage rates don't necessarily follow the Fed Whenever the Federal Reserve lowers interest rates, the phone calls start pouring in for Sam Barnett, a Realtor in Charlotte. The callers want to know: Does this ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , , March 18th, 2008

Mortgage Rates Aren’t Likely to Move Lower

Even with a three-quarter-point cut in interest rates today, homeowners shouldn't hold their breath waiting for their mortgage rates to follow. If recent history is any guide, the Federal Reserve's aggressive rate-cutting will have little or ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , March 18th, 2008

How bad is the mortgage crisis going to get?

What started in subprime is likely to continue cascading into the markets and keep the economy down until 2010, economist Paul Krugman forecasts. Bottom line for homeowners: An average drop of 25%. (Fortune Magazine) -- If ... More... (Mortgage Interest Rates, Mortgage News)
Add a Comment , March 18th, 2008