Mortgage Rates Are Falling On The Combined Impact Of The Bailout Bill And The Washington Mutual And Wachovia Seizures

With mortgage rates moving faster than the Spread HD offense this morning, let's take a few minutes to recap what's going on, and what's causing rates to fall. First, the bailout. Late Sunday, Congress drafted the Emergency Economic Stabilization Act of 2008 bill and it goes to vote sometime today....

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[Source: The Mortgage Reports Blog]