DailyMarkets.com - US Mortgage Rates Continue To Decrease Steadily

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US Mortgage Rates Continue To Decrease Steadily Posted: 14 Sep 2012 07:16 AM PDT This is the third week in a row that all mortgage rates have decreased or remained steady at a record-low level. This week, we have also seen an 11.1% increase in mortgage applications, which haven’t increased in weeks, and which is attributed partly to Labor Day holiday. The 30-year fixed-mortgage rate has remained constant at 3.55%, as it was last week. The 1-year adjustable rate has also remained steady at 2.61, which is still the lowest rate the 1-year mortgage has reached in many … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Federal Reserve Issues A Blank Check Posted: 14 Sep 2012 04:37 AM PDT Well, I gather we will not be discussing the need for a 4th round of quantitative easing down the road. Given that the Federal Reserve's announcement yesterday put neither a dollar amount nor an end date on its pronouncement to purchase $40 billion in MBS (mortgage-backed securities) per month as needed, the great and wondrous Fed wizard Ben Bernanke effectively pre-signed a series of blank checks. Thoughts and questions crossing my mind this morning include:  1. Who pays for the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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