Business, Crime, Politics

Attorney General Frosh leads effort to charge precious metals dealers in $185 million scheme targeting retirement-age investors

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh has announced that his Securities Division has collaborated with the Commodities Futures Trading Commission (CFTC) and 29 other states in filing a complaint in the U.S. District Court for the Northern District of Texas alleging related companies Metals.com and Barrick Capital, Inc. solicited $185 million from retirement-age investors, including at least $3 million …


Business, Health, Politics

Federal Reserve announces an additional $2.3 trillion in loans to support the economy, Powell predicts recovery

WASHINGTON, DC—The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address this public health crisis, …


7 Maryland residents being tested for coronavirus, Fed cuts rates

BALTIMORE, MD—After coronavirus fears led to a stock market free-fall last week, the Federal Reserve is taking action.  Here in Maryland, new reports suggest that up to seven residents are now being tested for COVID-19. Six people have died from coronavirus in Washington state and at least 100 others are sick. The Maryland Department of Health now reports that 7 …

Baltimore mortgage rates move lower for second consecutive week

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates declining for the second consecutive week – both in Baltimore and nationwide. The 30-year fixed-rate mortgage averaged 3.54 percent with an average 0.5 point for the week ending June 16, 2016, down from last week when it averaged 3.60 percent. …

Baltimore mortgage rates tick up on Fed news

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates up slightly from 2016 lows. The 30-year fixed-rate mortgage averaged 3.64 percent with an average 0.5 point for the week ending May 26, 2016, up from last week when it averaged 3.58 percent. A year ago at this time, the …

Baltimore mortgage rates back near 2016 lows

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates falling following the Federal Reserve’s decision to stand pat last week, and other negative economic data. Mortgage rates are now hovering just above their low point for the year. The 30-year fixed-rate mortgage (FRM) averaged 3.61 percent with an …

Baltimore mortgage rates tick higher

Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing mortgage rates in Baltimore and around the nation ticking higher for the first time in nearly two months. The 30-year fixed-rate mortgage (FRM) averaged 3.64 percent with an average 0.5 point for the week ending March 3, 2016, up from last week when it averaged 3.62 …