Today’s FED Meeting Reaffirms Original Time Line for Raising Rates

Today’s FED meeting brought little new news as the Federal Open Market Committee voted to keep interest rates at near zero percent (0.25%) for another term.

Despite recent positive signs in the economy (lower jobless rate, DOW hitting 13,000, etc) steep gas prices and general public sentiment were preventing Ben Bernanke from backing off his stance on keeping rates at such low levels. The outcome of the meeting was essentially reiterating the Read more…

Record Setting Day for Mortgage Rates

Mortgage rates fell today for the first time ever below 4.0%.

And thanks to the Fed and their new plan to sell off short term securities in exchange for purchasing longer term ones – a move that effectively lowers both long term mortgage rates and savings rates – mortgage rates could fall even further.

So if you happen to be in the market for a new home loan or are contemplating refinancing your Read more…

How much did Banks borrow from FED in 2008?

A report was just issued today on the whopping sum in which banks borrowed from the FED during the financial meltdown of 2008 along with ‘who’ exactly borrowed ‘what’ amount.

Prior to the Dodd-Frank regulatory reform law, the FED refused to disclose the sum it divvied out to our country’s most well known banks, however, this information has now gone public. And the sums are quite staggering! Check out the figures and Read more…

Mortgage Delinquency Rates 2010: Optimistic trend forming?

At 10:00 am EST today, Federal Reserve Chairman Ben Bernanke will speak at the Fed’s annual meeting in Jackson Hole, Wyoming. And after the Dow just dipped yet again below the 10,000 mark yesterday, many investors will be tuning in to see how his perceived outlook could effect today’s market.

Among the many nightmare-ish charts Bernanke will be discussing, BankVibe.com will be closely following his interpretation of the current mortgage delinquency trends.

It Read more…