
Daily Mortgage News & Rates
2009-02-12
Author: Support Services, e-PRO
DAILY MORTGAGE NEWS:
It looks like CEO's from major banks such as Bank of America & Citigroup are stepping up to help out with the current foreclosure crisis going on. Bank of America CEO even went as far as to temporarily suspend foreclosures. Citigroup's CEO was even willing to cut his own salary to $1.00 a year during this tough time. All the banks CEO who received TARP (Troubled Asset Relief Program) all said they would pay this borrowed money back.
DAILY RATES:
Conventional 30 yr Fixed Rate: 5.375
FHA 30 yr Fixed Rate: 5.750
100% (USDA) 30 yr Fixed Rate: 5.250