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Daily Archives: February 18, 2012

Fed Chairman Comments on Today’s Housing Market

Federal Reserve Chairman Ben S. Bernanke made the following speech at the 2012 National Association of Homebuilders International Builders’ Show, held in Orlando, Fla. on February 10. Housing Markets in Transition The economic recovery began more than two years ago, … Continue reading

More Than 95 Percent of Refinancing Borrowers Choose Fixed-Rate Mortgages

In the fourth quarter of 2011, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released recently. Refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their … Continue reading