With economic data coming out this week showing slower growth with 2.2% growth in the fourth quarter of 2007, foreclosure rates up by 79%, the Federal Reserve has acted and dropped the Fed Funds Rate by .50% to 3.0%
We will update you with a new graph of rates and a commentary. But now what is […]
As usual with Congress, the 2008 Stimulus package with the great tax rebate is now falling into the hands of Congress.
This means that every member of the House and Senate are trying to add their own agenda to the package. This includes trying to appeal to seniors who may not have received anything as […]
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 […]
