Rates on 30-year mortgages fell to the lowest level on record for the second-consecutive week after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. ...more

April 3, 2009

Hillsborough County officials, in an effort to keep neighborhoods from deteriorating during tough economic times, want to buy and rehabilitate foreclosed homes. ...more

March 30, 2009

Hillsborough County officials, in an effort to keep neighborhoods from deteriorating during tough economic times, want to buy and rehabilitate foreclosed homes. ...more

March 27, 2009

Mortgage applications surged last week, coming mostly from borrowers looking to refinance at sharply lower rates after the Federal Reserve unveiled plans to buy Treasury bonds and mortgage-backed securities. ...more

March 26, 2009

Madoff Monitored By Feds; Obama Reacts To Scandal NEW YORK (AP) - Bernard Madoff spent his first day under electronic monitoring Thursday as President-elect Barack Obama said the scandal brought on by the disgraced investor "has reminded us yet again of how badly reform is needed." ...more

December 21, 2008

Rates on 30-year-fixed mortgages dropped this week to their lowest levels in at least 37 years, as the Federal Reserve pledged to pour money into the mortgage market in an effort to spur the moribund U.S. housing market. ...more

December 19, 2008

Federal Reserve officials are throwing everything they have into the fight to stabilize financial markets and restore economic growth. In the process, the Fed balance sheet is ballooning to $3 trillion, if not more. ...more

December 6, 2008

Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey. ...more

December 4, 2008

It is the nature of economics that we go through these unanticipated cycles.... ...more

October 21, 2008

The Federal Reserve and six major central banks worldwide cut interest rates Wednesday to prevent a financial crisis from becoming a global economic meltdown. The Fed cut its key rate from 2 percent to 1.5 percent. Bank of England cut its rate half a point to 4.5 percent. European Central Bank cut its rate by half a point to 3.75 percent. Central banks of China, Canada, Sweden and Switzerland also cut rates. ...more

October 9, 2008