Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
-
Fed Action Boosts Mortgage Activity
Posted on March 19th, 2009 No commentsMortgage lenders saw a spike in refinance applications after the Federal Reserve announced its new plan to buy up to $300 billion of long-term Treasury bonds and purchase $750 billion in additional mortgage-backed securities. That move translated to about a 0.25 percentage point drop on 30-year fixed rates, bringing area rates to less than 5 percent on a 30-year, fixed-rate mortgage. Read more in the Milwaukee Journal Sentinel.
Leave a reply