Tag Archive | "bailout"
Mortgage Update - $700 Billion Bailout Fails - 9/29/2008
Good Afternoon, The economy is sinking, and it is sinking fast. Most investors pulled from the stock market and have dumped what ever they have left into the treasuries. The 10-year yield, before the Rescue bill was denied, was as low as 23 basis points on the day. The Dow Jones has fallen as low as 705 [...]
Continue reading...Mortgage Rate Update: Fannie and Freddie rescue means lower mortgage rates…maybe for good! - 9/8/2008
Monday, September 8, 2008
Good Afternoon, It is official; the government will save Fannie Mae and Freddie Mac. We apologize for the late submission of this report, but our telephones have been ringing off the hook today because of this news. Initially this will be great news for mortgage rates, but the fees associated with this take over will surely [...]
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Monday, September 29, 2008
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