Interest Rates
In an announcement that comes as no surprise, in large part because it has been repeatedly telegraphed by the the Fed itself, the Federal Reserve Board on voted on Tuesday to leave interest rates at their current near zero rates. The Fed further reiterated its commitment to doing so for the near future, pledging to [...]
The U.S. economy continues to grow at a very slow pace according to the Federal Reserve’s Beige Book. That isn’t good enough considering how deep the current recession is. At this rate, growth back to anything resembling an expansion would take a very long time. However, the good news is that the economy isn’t getting [...]
Continue reading about Economy Growing Slowly – Inflation Benign
Recently, newly official Presidential candidate Rick Perry suggested that it would be "treasonous" for Ben Bernanke and the Federal Reserve to "print more money" in order to play politics. If you want the political dogfight over the comments, check your regular media outlet. However, the comments highlight a fundamental misunderstanding that most Americans have about [...]
Today marks the first time the Federal Reserve will hold a press conference to go along with it’s decision on whether to change interest rates. Most observers expect the Fed to leave interest rates unchanged (basically at zero percent), so the real action will be in the details that emerge from the press conference where [...]
Is the Amazon Reward credit card from Chase Visa a good deal or is the value of the rewards too small to justify spending on the card to earn points?
Everyone is worried about if and when the Federal Reserve will raise interest rates, even though the Fed itself continues to say that it is not considering doing so. That is what happens when interest rates are so low (basically just above zero) that everyone knows the only way they can go is up.
Continue reading about Inflation Stays Tame – Fed Not Raising Rates Soon
With Congress passing legislation to reign in some of the worst credit card abuses, credit card companies have been scrambling to get their terms and conditions, also known as the card contract, changed to terms more favorable to them before the new rules take affect. By changing your credit card agreement before the new credit [...]
Continue reading about How To Fight Credit Card Company Interest Rate Increases
What do the new credit card laws coming in effect mean to you and how can you avoid the tricks credit card companies have up their sleeves?
Continue reading about New Credit Card Laws Change the Rules in 2009
This is part 2 of the series, the first part is: Not Time to Refinance Your Home Future Interest Rates With Adjustable Rate Mortgages or ARM Right about now, when you are starting to feel better, someone will throw in your face the fact that even if your rate is good, IT COULD GO UP [...]
Continue reading about ARM Interest Rates Adjusting Soon May Be Good News For Homeowners
Now might actually be the perfect time to NOT refinance your adjustable rate mortgage. The quirk in ARM interest rates that could get you a lower rate for free by keeping your loan.
