Mortgage Rates Take a Dip This Summer 2011

According to Washington, the “Great Recession” has been over since June of 2009. Many have scoffed at this pronouncement, feeling it a bit presumptuous on the government’s part. With unemployment still above 9%, interest rates on your savings still down around the 1.2% mark, and the housing market still in an apprehensive state, some believe […]

Federal Reserve Dooms Higher Interest Rates For Savers

For those of us who are waiting for the Federal Reserve to increase interest rates that banks have to pay to borrow money, our waiting has gotten much longer, at least two years longer. Since the Fed’s rate-setting committee decided to hold interest rates at the current record lows until ‘at least through mid-2013’, we […]