Another $1.4 billion for banks November 07, 2008
The Treasury Department has chosen seven more banks to receive as much as $1.45 billion in government investment.
Fed Cuts Interest Rate To 1% October 29, 2008
As expected, the Federal Open Market Committee cut key interest rates by 0.50 percent today placing the benchmark at 1 percent. This is the eighth time in the past year the key interest rate has been cut and is also the lowest the key interest rate has been since 2003.
New Home Sales Post Surprising Gain October 27, 2008
Newly built single family homes rose surprisingly in September, posting a 2.7 percent gain month over month according to U.S. Commerce Department. The report also shows the inventory of unsold newly built homes dwindling down.
Mortgage Rate Update
Mortgage Rates Turn Favorable November 07, 2008
A weakening US economy has mortgage rates falling while lenders tighten credit standards to qualify for a new mortgage, according to Freddie Mac’s Primary Mortgage Market Survey.
Mortgage Rate Watch
Fed Cuts Key Interest Rate Half-point to 1%
Fed Cuts Rates by 50 Basis Points
TARP's Conditions May Overlook Weaker Banks in Favor of Stronger