Today the Federal Reserve voted again to keep interest rates the central bank charges commercial banks at a record low, prompting investors and analysts alike to question whether or not the FED is actually concerned with monetary policy. The move, which keeps rates at 0-.25% is the lowest ever, and many believe we may see [...]
Fed Cuts Rate to 1%
October 29, 2008 By 4 Comments
What Does Subprime Mean?
April 19, 2008 By Leave a Comment
Every once in a while you will come across advertisements on “all-time†low mortgage rates. Most of the time, these type of mortgages are given to people with good credit standing and control of their personal finances. But what if your credit score is not something that you can be proud of? How do you [...]
The Fed Cuts Rates, The Stock Market Plummets
December 11, 2007 By Leave a Comment
Feds Raise Key Interest Rate in June
June 29, 2006 By 1 Comment
The Federal Reserve raised the interest rate to 5.25 %, the highest it’s been in 5 years on Thursday after the end of a two day meeting in Washington. Fed Chairman Ben Bernanke and other policymakers talked about the need to raise interests rates this time around to fend off the continued inflation that is [...]