Finance and Economy Archive


Secretive Fed Unveils New Plans for Credit Crisis

Wednesday, January 14th, 2009
By Kevin G. Hall ...
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Record Low Mortgage Rates Boost Refinance Activity in Latest MBA Weekly Survey

Wednesday, January 14th, 2009
RISMEDIA, January 15, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 9, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1324.8, an increase of 15.8% on a seasonally adjusted basis from 1143.8 one week earlier. On an ...
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Thirty-Year Fixed Rates Back Below 5.00%

Tuesday, January 13th, 2009
RISMEDIA, January 14, 2009- Thirty-year mortgage rates fell last week to 4.92% and the low rates that have persisted for the last month attracted thousands of homeowners hoping to refinance to Zillow Mortgage Marketplace in December and early January. ...
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Refinance Applications Through the Roof as Rates Slide

Sunday, January 11th, 2009
By Steve Brown ...
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Mortgage Rates Hover Around 5.00%

Wednesday, January 7th, 2009
RISMEDIA, January 8, 2009-Thirty-year mortgage rates increased slightly last week for the second consecutive week. The weekly average rates for 30-year fixed mortgages increased to 5.10%, up from 5.07% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate website Zillow.com(R). Meanwhile, rates for 15-year ...
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Economists Predict Recession Will Persist until Midyear

Monday, January 5th, 2009
By Diane Stafford ...
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U.S. to Buy Huge Stake in GMAC

Tuesday, December 30th, 2008
By Justin Hyde and Tim Higgins ...
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Mortgage Rates Down Again after Rising above 5.00% Last Week

Tuesday, December 30th, 2008
RISMEDIA, Dec. 31, 2008-Mortgage rates increased slightly last week for the first time since early November. The weekly average rates for 30-year fixed mortgages increased to 5.07%, up from 4.96% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate website Zillow.com(R). Rates for 15-year ...
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Professional Appraisal Organizations React to Fannie Mae and Freddie Mac Home Valuation Code of Conduct

Tuesday, December 30th, 2008
RISMEDIA, Dec. 31, 2008-The nation's largest organizations of professional real estate appraisers - the American Society of Appraisers, the Appraisal Institute, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers - have issued the following statement in reaction to the revised Home ...
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Retirement Experts Share Year-End Tax Tips for Senior Citizens

Tuesday, December 30th, 2008
RISMEDIA, Dec. 31, 2008-As the end of a challenging financial year comes to a close, many senior citizens are searching for new ways to save money during their retirement. Retirement expert Eric Bachman and Certified Public Accountant Jeanne Duhe share six year-end tax tips that are simple yet intelligent ways ...
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