Los Angeles Mortgage Rates Report: January 14, 2009

The US Treasury Department has been supporting the mortgage bonds market, in order to keep mortgage rates under 5% ... the “flow” of mortgage loans.  The big banks, like B of A, Citi, and Wells, loan direct or buy loans ... t have the horses to ride since they laid off so many workers in 2008. 2- Greed:  Lenders typically made a loan [more...]

Date: 2009-01-14 06:35:15

Blog posts (4) | Videos (7)
 

Six Fed Banks Sought Sharp Rate Cut

The size of the Federal Reserve’s interest-rate reduction last month surprised markets ... banks, which make direct loans to commercial banks in their districts, vote periodically on where ... , Minneapolis and San Francisco — voted December 11 to lower the discount rate (for direct Fed lending [more...]

Date: 2009-01-13 11:24:00

HSBC prepares for rate cut by raising tracker loan cost

HSBC raised its best-buy tracker mortgage rate yesterday amid expectations that other lenders will follow suit after tomorrow's much-anticipated cut ... competitor is its own subsidiary, First Direct, which is expected to shift its tracker rates too [more...]

Date: 2009-01-07 00:01:45

The Euro resumed its downward momentum against the majors yesterday in the build up to the ECB interest rate announcement and press conference

The Pound rebounded against the majors yesterday, rising to a high of 1 ... of loans to companies as European leaders acknowledged the failure of bank bailouts and spending plans ... a direct role in monetary policy through so called "quantitative easing", where authorities pump money [more...]

Date: 2009-01-15 09:32:50

4 Results