by admin | Jan 30, 2009 | News
McLEAN, Va. – Jan. 30, 2009 – Rates on 30-year mortgages edged down this week, but remained above 5 percent, Freddie Mac reported Thursday. The average rate on a 30-year fixed mortgage dipped to 5.10 percent this week from 5.12 percent last week. At this time last...
by admin | Jan 30, 2009 | News
WASHINGTON – Jan. 30, 2009 – According to the National Association of Realtors® (NAR), the U.S. House of Representatives has taken a significant step toward economic recovery in passing H.R. 1, The American Recovery and Reinvestment Act of 2009. “On behalf of...
by admin | Jan 30, 2009 | News
WASHINGTON – Jan. 14, 2009 – According to National Association of Realtors® (NAR) President Charles McMillan’s testimony yesterday before the U.S. House Financial Services Committee, Congress and the next administration must place significant emphasis on restoring...
by admin | Jan 29, 2009 | News
WASHINGTON (AP) – Jan. 29, 2009 – The Federal Reserve signaled that it stands ready to use new unconventional tools, or expand existing ones, to spur lending and consumer spending that could help lift the economy out of a painful recession. The Fed also agreed...
by admin | Jan 27, 2009 | News
Mortgage loan applications bounced back last week as rates fell and end-of-the-year holiday hoopla faded. The Mortgage Bankers Association weekly index of application volume rose to 1,324.8, an increase of 15.8 percent on a seasonally adjusted basis from 1,143.8 the...
by admin | Jan 26, 2009 | News
Jan. 26, 2009 – Lending giant Fannie Mae is slapping tough new requirements on mortgages for Florida condos, moves that analysts believe will make it even more difficult to sell units in buildings already starved for residents and struggling financially. The...
