Archive for December, 2007

Fed Drops Interest Rates Again

By: Matthew Blevins, December 14th, 2007

The Federal Reserve has again cut the federal funds rate, this time by .25%, in an attempt to bolster a faltering economy. Though the cut is welcome, it has left both investors and some in the banking industry a bit disappointed. The Dow Jones Industrial Average dropped almost 300 after the announcement, representing a rather […]

Lowest Mortgage Rates in 25 Months

By: Matthew Blevins, December 4th, 2007

According to some mortgage brokers on the hunt for new clients:
We couldn’t have asked for a better Thanksgiving treat than the one we got on Monday: the lowest 30-year fixed-rate in over two years. That’s right. For those of you who have been patiently waiting, here’s your chance to save anywhere from $5,000 to $7,500 […]