Mortgage loans in the news
July 11, 2008 by 
Sherry Tingley
Filed under Loans
Mortgage loans are in the news today as two of the largest mortgage companies in the United States, Fannie Mae and Freddie Mac, lost nearly half of their stock value during the week of July 11, 2008. They own over one half of all the mortgages in the United States, with a total value of $5.2 trillion dollars. They have posted $11 billion in losses. Read more
Federal Reserve Rate Remains The Same So What Should Do We Do?
June 25, 2008 by Sherry Tingley
Filed under Loans
Should I Refinance My Mortgage?
Having the advice of someone who is an economist from Quicken loans, is probably a little better than the advice I can get through my local connections.
So Bob Walters, from Quicken loans, if you say that "Homebuyers and homeowners looking for a new mortgage need to navigate this uncertain market carefully," I will take heed. I'm not really looking for a new mortgage but for those of you that are, well...proceed with caution. Read more
