mortgage rates
30-year rates hit record lowPosted by RJ and Makay on May 03, 2012 |
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Lenders are offering 30-year mortgage loans at an average of 3.84%, a record low, according to Freddie Mac’s weekly survey. The rate beats last week’s rate of 3.88% and is slightly better than the previous record low of 3.87% in February. The current rates have greatly improved since 2008, when the 30-year averaged more than 6%, and 2009, when the typical rate stayed above 5%.
U.S. banks still tight with loansPosted by RJ and Makay on Jan 31, 2012 |
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U.S. banks maintained tight credit standards in the fourth quarter of 2011 in the face of rising demand for loans, according to the latest quarterly survey by the Federal Reserve. Commercial and industrial loans were little changed from the previous quarter and European economic turmoil caused U.S. banks to tighten credit there, the survey shows.
Fed hopes Operation Twist will help economy dancePosted by RJ and Makay on Sep 22, 2011 |
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The Federal Reserve announced Wednesday that it will put downward pressure on long-term interest rates by selling $400 billion of short-term U.S. Treasury securities and using the proceeds to purchase a like amount of longer-term Treasury securities. The goal of the program, known as Operation Twist, is to bend the yield curve to maintain low interest rates.
Epicurus (Greek philosopher, BC 341-270)
