Written by Investors, economists and observers expected an upbeat employment report today. They didn’t get it. Mortgage rates are likely to stop rising as a result, and they might fall. READ MORE »
Posts tagged mortgage rates
Cost of Seizing Fannie and Freddie Surges for Taxpayers
Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of the nation’s largest landlords. READ MORE »
Mortgage Bonds Booming
Residential mortgage bonds, the center of the financial crisis not long ago, are once again darlings of the financial market. READ MORE »
Federal Reserve weighs steps to offset slowdown in economic recovery
Federal Reserve officials, increasingly concerned over signs the economic recovery is faltering, are considering new steps to bolster growth. READ MORE »
New home construction drops, but outlook brightens
New home construction fell to the lowest level of the year in June, but there were indications of increased activity in coming months, the government said Tuesday. READ MORE »