Evidence of a weaker economy pushed mortgage rates to the lowest point since July 2005, with the average conforming 30-year fixed mortgage rate now 5.75 percent. The average 30-year fixed mortgage has an average of 0.36 discount and origination points.

Continue reading " Mortgage Rates Post Largest 3 Week Decline in 20 Years "

The U.S. subprime mortgage crisis has forced banks to enter 2008 in a reactive mode. New research from TowerGroup examining the top retail banking trends for 2008 finds that bankers are anxious on two fronts. First, they worry about unseen threats that may not yet have surfaced in their credit portfolios. Second, they fret [...]

Continue reading " Credit Crisis Will Cause Retail Banking Industry to Proceed with Caution in 2008 "