Market Review ►A LOOK BACK – Last week the FOMC made headlines with the announcement that they will buy an additional $750 billion of mortgage-backed securities by year-end. Market participants were further shocked by the Fed’s plans to buy up to $300 billion of longer term US government debt over the next 6 months. WOW! [...]
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Filed under: Economy/Market, Katy Family Homes
Freddie Mac anticipates refi slowdown Thursday, February 28, 2008 Inman News Mortgage rates were up again this week, Freddie Mac reported today, as concerns about inflation and continued turmoil in credit markets stoked the fire under long-term interest rates. The average rate on 30-year fixed-rate mortgages jumped to 6.24 percent this week from 6.04 percent [...]
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Filed under: Economy/Market, Katy Family Homes, Lenders
The House has written and passed a stimulus package intended to put a halt on recession. The Senate Finance Committee also has reported a more extensive package that will be debated during the month of February. Both chambers anticipate that the package will reach President Bush by no later than February 15. The vote on [...]
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Filed under: Economy/Market, Houston Area Real Estate, Katy Family Homes
