| Aug 24, 2011 4:34PM Yesterday, we noted pressure building on BestExecution rates. Today, things boiled over unfavorably and the loan pricing losing streak extended into a fourth day. Mortgage Rates got hit hard enough that yesterday's quotes may not even be available today without additional closing costs. Our ongoing guidance recently has been to take advantage of recent rate offerings as soon as possible, noting that "the frustration of missing out on "high 3's" and instead getting "low 4's" seems nowhere near as... Aug 24, 2011 10:09AM Fannie, Freddie, and the US Government aren't the only entities struggling with debt. The U.S. Post Office is expected to hit its $15 billion borrowing limit next month, and banks are scrambling to determine their potential lease exposure to the agency on their retail loans. Watch for post office closings, announced several weeks ago, and then end of Saturday delivery. And a federal judge ruled that the FDIC has to face a $10 billion lawsuit tied to the failure of WAMU : the judge refused the FDIC...
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