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October 2013 Mortgage Interest Rates Fall Again

With a weaker jobs report than expected and the end of the partial Federal Government shutdown, mortgage interest rates have fallen to the lowest level since June. Rates on 30-year fixed-rate mortgages averaged 4.13 percent with an average point of

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Posted in Mortgage News

Financial News of the Weekend Featuring IndyMac, Fannie, and Freddie

Where to start? On Friday, the 6th largest bank, IndyMac, was closed and taken over by the Fed. Interesting, sad, even. The new bank will be called Indy Mac Federal Bank and the Federal Deposit Insurance Corporation (FDIC) was named

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HUD, Rating Agencies, The Big Three, and The Ongoing Mortgage Mess

In an attempt to try and get a grip on what has happened in the mortgage mess I read a lot. Tonight there was a interesting article on MSNBC (see article here) about the part HUD, Housing and Urban Development,

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Posted in Mortgage News