FREE MORTGAGE NEWS 4U.COM by Brenda Jarvis

November 25, 2008

Investors focus on Fed, Treasury plan instead of GDP data Wall Street is poised to extend its advance to a third day on the government's plan to aid companies that issue credit cards, make student loans and finance car purchases. The Treasury Department and the Federal Reserve said Tuesday they plan to use $20 billion of the government's $700 billion financial rescue to help revive troubled credit markets. The government's decision overshadowed a report that the nation's gross Read Full Article

October 29, 2008

Overnight rate slashed to 1 percent as central bank sees sharp slowdown The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades. The central bank on Wednesday reduced its target for the federal funds rate, the interest banks charge on overnight loans, to 1 percent, a low last seen in 2003-2004. The funds rate has not been lower since 1958, when Read Full Article

October 17, 2008

Report more evidence nation is struggling with a weak economy Construction of new homes plunged by a bigger-than-expected amount in September, as builders slashed production to the slowest pace since early 1991, when the country was in a deep recession. Friday’s housing report was yet another piece of evidence that the nation is struggling with a weak economy that, if the financial crisis is not solved, could dive into a sustained downturn. President Bush on Friday said in a speech Read Full Article

October 15, 2008

Did you know that the Dow Jones Industrial Average is simply the average value of 30 large, industrial stocks. Big companies like General Motors, Goodyear, IBM and Exxon are the kinds of companies that make up this index. The S&P 500 is the average value of 500 different large companies. The companies are chosen based on their performance and their ability to give solid indicators of what the market “on the whole” is doing. Because of the way people throw around the words "Dow" Read Full Article

October 1, 2008

Congress voted against the bailout. They were told to vote their conscience. That totally confused them . . . they said, “What?!?” - Jay Leno The House killed the bailout plan. So Washington failed to act? I didn’t see that coming. - David Letterman Yesterday, the Dow Jones dropped 777 points, which wiped out $1.2 trillion dollars in the stock market. Financial experts say the last time so much money disappeared in one day was when Oprah left her purse in a cab. - Conan O'Brien Read Full Article