Finance & Mortgage

U.S. Mortgage Rates Hold at Record Low of 3.87 Percent

U.S. 30-year fixed-rate mortgage rates remained at a record low of 3.87 percent in the week ending Feb. 9, unchanged from the previous week, according to Freddie Mac.

Shashank Shekhar is Named Top 40 Under 40 Most Influential Mortgage Professionals

California's #1 Mortgage Expert, Shashank Shekhar is named Top 40 Under 40 Most Influential Mortgage Professionals in the country for 2011 by National Mortgage Professionals Magazine.

Goldman Sachs Buys $6.2B in Mortgage Bonds from Fed

Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.