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Mortgage-Related Stock Investing & Option Investing | PowerOptions Web Log
Mortgage rates are near record lows. This came about from the Federal Reserve Board’s relentless downward bias pressure on interest rates. Ben Bernanke, chairman of the Federal Reserve Board, wants a near zero percent rate for short term interest rates based on prevailing economic data. With this near zero rates, the Fed’s goal of spurring up economic activity is gaining foothold in the industry where this financial mess started in the first place – the mortgage sector of the housing industry. The decision to take over Fannie Mae (FNM) and Freddie Mac (FRE) , and Federal Home Loan Bank System as well as Fed’s plan last month to buy up to $600 billion worth of securities from these mentioned banks fueled the interest rate downtrend. What proverbially followed was the surge in applications. Stock option search with backtesting Sign up now for PowerOptions free 14-day trial Just last week Mortgage...