interest rates: Fed cuts key interest rate to record low, pledges to use all available tools - 12/16/08 02:16 PM
The central bank on Tuesday said it had reduced the Federal Funds Rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October. Many analysts had expected the Fed … (3 comments)
interest rates: Today's job report is in and it was not good! 533,000 jobs lost - 12/05/08 12:54 PM
The market was prepared for a bad report this morning but it was worse than expected!
The job report showed a loss of 533,000 jobs. Ouch! The bigger ouch.. this was the biggest job loss in 35 years!
It was only the fourth time in US history that our economy lost … (0 comments)
interest rates: Holy Smokes! Look at those rates! - 12/01/08 02:10 PM
Rates were WAY down the end of last week to the lowest rates we have seen all year! Looks like they are even lower this morning!
I love it when I have GOOD NEWS to report!
We spent most of Tuesday and Wednesday locking (and relocking) interest rates for our clients! … (0 comments)
interest rates: What is going on in the stock market today? - 09/15/08 05:28 PM
What is going on in the stock market today?
AIG, the huge insurance company, finds itself in trouble, downgraded, and potentially dragged under by recent events.
Lehman Brothers will declare bankruptcy. The US Government decided that they did not want to back up Lehman's $60 billion of bad real estate … (0 comments)
Lots of advertisement's list what they call "Today's Best Rates". But we are not in business to mislead you!
Mortgage rates change daily, if not several times a day. So you may see a rate advertised that's no longer available by the time you … (3 comments)
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It just occurred to me that I had not heard that line in a while! Well until today!
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