http://www.lowest-mortgages-today.com Lowest Mortgages Today Fri, 10 Oct 2008 20:59:39 +0000 http://backend.userland.com/rss092 en Late yesterday, Citi gave up the fight for Wachovia, and the stock market has been rewarding all parties involved. Wells Fargo will now absorb Wachovia — without the aid of government assistance — as long as it gets the green light from the Federal Reserve. MarketWatch reports on Citi’s change ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/wells-fargo-emerges-victorious-in-battle-for-wachovia/ Occasionally, I get requests from readers to add a little bit of coverage of the Canadian mortgage market. And, of course, I am happy to oblige our friends to the north with a little bit of news. Things have been interesting in Canada lately. Even though the Bank of Canada participated ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/canadian-mortgage-market-things-are-calming-down/ Occasionally, I get requests from readers to add a little bit of coverage of the Canadian mortgage market. And, of course, I am happy to oblige our friends to the north with a little bit of news. Things have been interesting in Canada lately. Even though the Bank of Canada participated ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/canadian-mortgage-market-things-are-calming-down/ I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available. As a reminder: The survey is for conforming loans only. Send me email for personal purchase or refinance questions. I send market updates a few times daily.  Get them on your mobile. Anyway, on ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/bankratecom-mortgage-trend-index-october-9-2008/ Last night I watched the second presidential debate between John McCain and Barack Obama. I thought many of the questions asked were relevant. And while I favor Barack Obama on issues from energy to health care, I would have liked to have heard him say a little more about the ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/presidential-debate-john-mccain-wants-to-buy-up-home-mortgage-loans/ This morning marked an historic coordinated effort by central banks around the world to ease the credit crisis. As the flow of capital has been reduced across the globe, banks have been stepping in to do what they can to alleviate the crisis and get credit moving. Unthawing the credit ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/fed-rate-cut-are-more-cuts-on-the-way/ Back in July, Bank of America acquired Countrywide — and a pile of debt and subprime mortgages about to go into foreclosure. However, thanks to a settlement reached, mortgage loan borrowers in all 50 states will receive the benefit of Bank of America’s stability and buying power. In a radical ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/bank-of-america-bails-out-countrywide-mortgage-loan-borrowers/ While Wall Street sells off and Congress implements the Bailout Bill, Wall Street players are changing their expectations for the Fed Funds Rate going forward.  Thing is, there's a complete uncertainty about what the Fed is going to do.  In fact, there's a complete uncertainty about everything and lack ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/the-fed-funds-rate-is-predicted-to-fall-to-0750-percent-by-october-29-2008-2/ While Wall Street sells off and Congress implements the Bailout Bill, Wall Street players are changing their expectations for the Fed Funds Rate going forward.  Thing is, there's a complete uncertainty about what the Fed is going to do.  In fact, there's a complete uncertainty about everything and lack ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/the-fed-funds-rate-is-predicted-to-fall-to-0750-percent-by-october-29-2008/ One of the latest trends to hit the housing market is the presence of what is known as the “buy and bail.” Buy and bail This is an interesting decision that is being made by many people right now. In the buy and bail scheme, someone who sees that he or she ... http://www.lowest-mortgages-today.com/lowest-mortgages-today/financial-crisis-trends-buy-and-bail/