Five Things You Need to Know: E "Wait and" CB Holds Rates Steady; Bush Urged to Appoint Mortgage Czar (Minyanville via Yahoo! Finance)
The European Central Bank held its benchmark interest rate steady at 4%.
How lenders set rates (Bankrate.com)
How do lenders set your mortgage rate? Well, actually they don't. While mortgage lenders control who gets approved for a loan and on what terms, actual mortgage interest rates themselves are largely determined on the secondary market, where mortgages are bought and sold.
How to Determine if it's Time to Refinance (Benton Evening News)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
Hot Mortgage Trends (Benton Evening News)
(ARA) - Rates are up, rates are down. It's a buyer's market, it's a seller's market. If the housing market seems like a roller coaster for would-be buyers, that's because it is. But understanding the most current trends can help buyers know when to get on -- or off -- the ride.
Interest rates kept on hold (Channel 4)
The Bank of England's monetary policy committee keeps interest rates at 5.75 per cent.