Viewing posts from: August 2008

Home Loan Rates Improving

August 2008 "EVERY DAY YOU MAY MAKE PROGRESS." Winston Churchill. And after recent weeks of progressing in a down direction, Bonds and home loan rates finally managed to make some progress in the right direction last week, with home loan rates improving by .125% from where they began. The biggest newsmaker occurred when President Bush signed into law HR 3221, the "Housing and Economic Recovery Act of 2008," which is a sweeping $300 Billion rescue plan to help struggling homeowners avoid foreclosure, and to boost confidence in the sluggish housing market.