by Irene Moustakas | Sep 17, 2008 | General Market News
What a week so far in the financial sector… Lehman Brothers declared bankruptcy, Bank of America saved Merrill Lynch from bankruptcy by acquiring it and AIG was bailed out by the federal government. These are huge, far-reaching global investment companies and...
by Irene Moustakas | Sep 11, 2008 | Rates, Tips
Every once in a while, a new client or referral will tell me that they saw rates that were lower than what I may be quoting. I appreciate having this conversation because I’m given an opportunity to tell them why. Not why the rates I’m quoting may be...
by Irene Moustakas | Sep 9, 2008 | Rates
The Fannie Mae/Freddie Mac takeover has proved excellent for interest rates. I’m quoting my clients about a half a percent less than I was just 1 week ago on any given loan product. Both national and foreign investors are buying mortgage bonds in full force...
by Irene Moustakas | Sep 7, 2008 | Industry News
It was announced on Sunday, September 7th that the federal government is officially taking control of mortgage giants Fannie Mae and Freddie Mac in a manner of “conservatorship” and that they will be regulated by the newly-created Federal Housing Finance Agency...
by Irene Moustakas | Sep 5, 2008 | General Market News
Interest rates this week improved due to weak retail sales and disappointing unemployment figures. Mortgage interest rates move depending on how the overall economy is doing and react to economic reports that come out on a regular basis. A general rule of thumb is...