Economic Events on April 28, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week increase of 7.4% last week, which is the second week of gains in a row, and was attributed to the end of the second federal stimulus program and low interest rates.

At 10:30 AM EDT, the . . . → Read More: Economic Events on April 28, 2010

Why Some Homeowners Are Cheering the LIBOR

One reader contacted me last week with her good news. She said, “Have a look at the letter from my bank. It looks like good news to me!”

I later found out that this reader originated her adjustable rate loan five years ago on a new California home purchase. She was aware at the . . . → Read More: Why Some Homeowners Are Cheering the LIBOR