Looking Back And Looking Ahead : November 10, 2008 Mortgage rates fell last week, marking just the second time since September that rates improved on a weekly basis. The biggest news of the week was the U.S. Presidential Election. Markets appeared to cheer the Republican-to-Democrat transfer o
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11/10/2008
Weak Employment Data May Boost The Affordability Of Homes On the first Friday of every month, the Bureau of Labor Statistics releases its Non-Farm Payrolls report. More commonly, it's called the "jobs report" and the October's data is trending with the rest of 2008. After shedding another 240,
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11/07/2008
As LIBOR Falls, Homeowners With Adjusting ARMs Get Lower Rates The interest rate against which adjustable-rate mortgages change is falling -- evidence that the global banking system is starting to stabilize. On any adjustable-rate mortgage, the initial "starter rate" remains fixed for some peri
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11/06/2008
The Federal Reserve confirmed what most of us already knew -- getting qualified for a "prime mortgage" is increasingly more difficult. In a quarterly survey of 84 banks, 75 percent of respondent banks tightened mortgage guidelines over the last 3 months for the most qualified of home loan applica
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11/05/2008