Homeowners with lenders like Wells Fargo have been able to refinance for a lower mortgage interest rate, as rates have remained quite low over the past months. Homeowners have sought a lower monthly mortgage payment also, and for many who refinanced and got a lower interest rate on their home loan, a lower mortgage payment [...]
Posts Tagged ‘us interest rates’
Wells Fargo Homeowners Refinance For Lower Mortgage Interest Rate–Will A Lower Mortgage Payment Follow?
July 5th, 2010 by Mortgage Writer
Tags: financial crisis, home loans, homeowners, lenders, loan, money, mortgage market, mortgage payments, mortgage rates, real estate, tax credit, us interest rates, wells fargo
more...Fed’s Hoenig: zero-rate pledge invites speculation
March 2nd, 2010 by Mortgage Writer
A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.
“When you have zero rates that go on indefinitely, you are inviting future problems,” Kansas City Federal Reserve Bank President Thomas Hoenig told CNBC television in an interview.
“We know that zero is non-sustainable [...]
Tags: fed, federal reserve, us central bank, us interest rates, us unemployment rate, zero rate
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