I was reading a Yahoo! Finance article a few days ago that highlighted some of the ongoing doom and gloom that is currently going on both in the mortgage industry and in the real estate industry. Home sales in September, 2007 dropped 8% nationwide and it seems to be the case that houses are sitting […]

I was reading a recent article in the Wall Street Journal about credit markets being “too loose” in the recent past and how tight they’ve become in the present. It was interesting to read that the recent credit crunch is the result of events that unfolded as long ago as the 1980s (the dreaded S&L […]

As expected, the Federal Reserve Board met today and left the federal funds rate unchanged. The fed funds rate is the rate that banks pay to each other on very short-term loans. This marks the sixth consecutive meeting without a change to the key rate, which has ripple effect across commercial financing and the […]

Alan Greenspan, the former U.S. Federal Reserve chairman and still a voice to be heeded, has warned recently that the U.S. Economy may be headed for a recession.
As previously noted here at Rate Comps, the economy in 2007 is expected to grow at its slowest pace since 2002, and Greenspan has indicated that this is […]

The National Association for Business Economics has just released a survey of 47 top forecasters, noting that the economy is expected to slow in 2007. Forecasters predict a growth rate of of 2.7%, which would be the lowest since 2002 saw modest growth of just 1.6%.
Restrained by a worse-than-expected slump in housing, the economy will […]