It has not passed through all the hoops yet, but it appears that Congress is ready to push forward with the 2008 stimulus package which will provide much needed help to all working Americans. Details as follows:
Individual Tax Payers
Income less than $75,000 per year and pay income taxes would get $600
Income up to $87,000 per year and […]
The stock market is still going down, the dollar is still going down. To everyones relief so are interest rates with another 75 point rate cut by the Fed. According to AP news, this is the biggest reduction since 1990’s. But even with this cut, the market headed down over 400 points. The US stock […]
You would think that mortgage rates would fall with the Federal Reserve cutting rates this week, only to see them rise. According to Bankrate.com, mortgage rates are up .17% this week with the 30 year at 6.17% as of December 12, 2007. How can this be, when the Federal Reserve has been cutting rates for […]
Is the rate cut too little and too late? A quarter point rate cut does not really mean much in this declining real estate market. Even the stock market is disappointed in the minutes following the announcement (Dow Jones Industrial Average Down 230 points at 3:00 PM EST) .Lately the discussion has been “is the […]
According to AP report on Yahoo Finance, Freddie Mac CEO Richard Syron says “I honestly think it’s going to get tougher before it gets better,” in a discussion with financial analysts. With every press conference or analyst meeting, the blood letting continues. There appears to be no end in sight yet. So far I have […]
