The mortgage crisis has created yet another concern that could
directly impact homeowners and, strangely enough, it is Mother Nature.
In unusually explicit language, the minutes of the Federal
Open Market Committee’s (FOMC) April 29-30 meeting said the
decision to cut rates at the last meeting was “a close
call” and that policy-makers will be reluctant to further cut
rates even in the face of negative growth.
For the week ending May 16, 2008, the Mortgage Bankers Association Weekly Mortgage Applications Survey report showed that overall mortgage application activity fell 7.8 percent.
Baltimore Sun reporter Eileen Ambrose reviews the new Quicken Loans home budgeting and home finance tool, Quizzle. Ambrose calls it “fun,” and likes the free credit report and Quizzle score, analyzing your personal financial health.
Stockhouse reports that the Fed is likely to stop lowering short-term interest rates, even though it lowered economic expectations.
Canadian CPI and the FOMC minutes are the highlights
of the North American economic events, but with crude oil surging to new
record highs on Wednesday morning, the Department of Energy’s weekly oil
inventories are not to be ignored.
Mortgage rates continued to move within a tight range
during the week ended May 15 according to results from Freddie Mac’s
Primary Mortgage Market Survey.
Kevin Warsh, a voting member of the Federal Reserve Board, signalled
concerns about inflation and said fellow Fed members need to be
cautious in cutting rates.
Weekly mortgage applications in the United States
fell in the week ending May 16, according to data from the Mortgage
Bankers’ Association (MBA) on Wednesday, which said applications declined
by 7.8% week-over-week.
While class sizes in the city as a whole have dropped in recent years, they have risen in certain areas, in part because of a boom in residential development. IT’S BAT MAN TO YANKS’ RESCUE In A-god they trust. It is no surprise when you […]