The FDIC has released their 2009 fourth quarter report, showing a huge decrease in mortgage and other loans. FDIC Chairman Sheila Bair encouraged banks to lend responsibly, but to not deny credit to sound borrowers simply on the basis of industry or geographic location.

Ben Bernanke made official the discount rate hike that rumors have said would take place this week, saying that it would go into effect on Friday. The move shows the need for the Fed to push banks to borrow from the short term private markets.

It’s been and up and down year for mortgage rates, but since a low point back at the beginning of December, we have seen a pretty steady rise in the national average of the 30-year fixed mortgage rate.

If you've been watching mortgage rates for the last few weeks, you have seen them slowly inch downward, which is no small feat, as many of them were already resting at rock bottom levels at the beginning of this month

Anyone who has been watching the mortgage market closely has seen a pretty constant decline in rates this month, following a small jump last month.  

Despite small increases for the past few days, average mortgage rates have remained at their lowest since last May.

Not many of us are fortunate enough to have sufficient cash to even consider purchasing a home in well, cash.

Purchasing a new home could be the fulfillment of a lifetime's worth of dreams for many people. It may well also be a couple or family's most significant financial undertaking.

Good economic numbers from the US Economy has economists and analysts upbeat about the future. But recovery is still a term only a few use to describe the economy’s present state.

Mortgage rates again failed to break the 5 percent rate for the second consecutive week—a far cry from April’s record low rates. Rates remain steady as mixed news from the US economy has analyst guessing next market movements.