November 25, 2008

Big Mortgage Market Rally

Big Drop in Mortgage Rates I don’t know what button the Fed or Treasury pushed today — I’ve been mercifully out of the news loop* all day, doing what realtors do — but clearly something happened to drive mortgage rates dramatically lower. Rates fell from around 6% yesterday to 5 5/8% at the end of...
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Banking Bailout Trivia Quiz

Name that Bank Executive! You helped lead one of the country’s biggest banks for a decade, during which time you collected hundreds of millions in compensation. Now that bank needs an open-ended cash infusion from U.S. taxpayers to stem the bleeding. First installment: $300 billion, with more (perhaps much more) to come. What do you...
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