Archive for 'Uncategorized' Category
Worst Losses in Dow Since 2001 Bring Mortgage Rates Down Today
15 September 2008Turmoil in the financial markets today has led to a further decline in mortgage rates. Today’s news that Lehman Brothers has declared bankruptcy, Merrill Lynch has been purchased by Bank of America and that AIG has asked for 40 million dollars in emergency funding from the government has caused the concern that the economy and [...]
Lehman, Banking Crisis in Spotlight
14 September 2008On deck this week we have an FOMC meeting, and several economic reports of importance. However, due to the turbulence in the banking sector, with the fate of Lehman Brothers looking like bankruptcy, Merrill Lynch in takeover talks likely with Bank of America, and the dollar dropping in FOREX markets internationally Sunday, Monday and the [...]