The Federal Reserve made more bold moves today when he announced key interest rates that reach historic levels. Home loan lenders reported interest rates as low as 5% for mortgage refinancing and home financing. Many mortgage brokers believe the rumors are true that the government will induce lenders to offer mortgage rates in the 4.5% range.”
Demand for government bonds surged and the yield on the benchmark ten-year Treasury note, which moves opposite its price, dropped to 2.27 % from 2.53 % late Monday. The yield on the thirty year dropped to 2.78% from 2.99% late Monday. The yield on the three-month Treasury-bill whose yield has at times gone below zero due to crazy buying — was at 0.02, flat with late Monday. The dollar was mostly lower against other major currencies, particularly the euro. Gold prices rose. Read the full article > Fed Makes History by Cutting Interest Rates to the Lowest Level
[...] unknown wrote an interesting post today onHome Loan Wholesale » Fed Makes Bold Moves with Deep Interest Rate …Here’s a quick excerptLender Directory. FHA Mortgage Refinance Loans · http://www.fhaloanblog.org/fha-loan-programs/ · Mortgage Loan Experts · Mortgage Refinancing · Refinance Rate Quote. Marketing Resources. Mortgage Lead Company · Search Marketing Company … [...]
Pingback by Your Publicity To You » Blog Archive » Home Loan Wholesale » Fed Makes Bold Moves with Deep Interest Rate … — December 17, 2008 @ 2:23 pm