Fed Intervention Jolts Refinance Market To Life, But 2009 Prospects Still Dim
December 19, 2008
The unprecedented boost given to the mortgage industry by the Federal Reserve has pushed mortgage rates to record lows and sparked a refinance boom that could be a rare bit of good news for a mortgage industry that’s been under severe strain. According to Inside Mortgage Finance, an affiliated newsletter, major lenders are now offering 30-year fixed rate mortgages... [Includes one chart]