Mortgage rates continue to hit record lows as the economic activity slows and the federal government continues to seek ways to stimulate housing market activity. 2.6 million jobs were shed in 2008. This represents the worst year for job losses since the US worked through demobilizing after World War II. Nearly every other economic indicator [...]

In December, major credit card reform was finally announced by federal regulators. Consumer advocates have been working for years to get many of the changes in place. One of the biggest new regulations applies to interest rates on existing balances. Previous rules allowed companies to change borrowers’ interest rates on existing balances with very few [...]

May began with mortgage rates hovering in record low territory. Rates for conforming 30-year, fixed-rate mortgages appeared to be firmly entrenched below five percent. With massive government intervention and a global recession, it appeared to many that rates would remain below 5% for at least a few months. However, as talk of a potential depression [...]

Signs of economic stress seem to be everywhere – high unemployment, entire industries under fire, and governments attempting to stem the carnage. While most media coverage sensationalizes the failures of major corporations, the truth is that in every corner of America, independent, local businesses are struggling to survive like never before. You may not ever [...]

In today’s housing market, if you ask most people what are the most important steps for selling a home, most will respond with a list of items regarding the house itself. The list may include fresh coats of paint, repairing any broken or damaged features of the home, and removing clutter from rooms and closets. [...]

While pundits and talking heads debate the state of the real estate market and try to affix blame for the struggles the industry has experienced, savvy real estate investors and wise vacation-home buyers are snatching up bargains around the country. The real estate market may not have hit bottom yet, but timing the absolute bottom [...]

Have you noticed anything different about your credit card lately? Twenty-one percent of consumers have realized that their interest rate has increased, according to a recent survey by Synergistics Research Corp. Another seventeen percent saw an increase in their minimum monthly balance, while almost ten percent noticed that their credit limit had decreased. Unfortunately, many [...]

Two major announcements over the last few weeks have helped push mortgage rates to new record lows. The Federal Reserve announced that it would continue to purchase mortgage-backed debt and securities. At the current rate of purchases, the Fed may buy nearly every conforming mortgage originated this year. Additionally, the government has begun to provide [...]

While the media heaped scorn on Bernard Madoff after his arrest for what may turn out to be the biggest Ponzi scheme in history, thousands of people fall victim to financial fraud every year. In many cases, victims are unwittingly misled by the same people – their friends. Peer-driven financial scams have been around for [...]

From challenges in the labor market to the shrinking of our portfolios, signs of economic stress are all around us. For many people the stress is all too real, stemming from a job loss or other financial hardship. However, for the majority of Americans who are not in financial straits, the psychological stress from these [...]

As the economy began to slide last year, many people focused on making New Year’s resolutions regarding their personal finances. Sadly, according to a number of studies, a whooping eighty-five percent or more of us fail to keep any of our New Year’s resolutions. Even more unsettling is that by the time February begins, fifty [...]

It seems that every other week, mortgage rates hit a new historic low. Events of the last few months have driven mortgage rates to levels that many experts thought were lower than mortgages would ever go. While the struggling economy has certainly contributed to lower rates, recent government programs and rumors of more programs to [...]

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 One of the most exciting adventures you will ever encounter is purchasing a home. If you’re a first time buyer or an experienced investor we will make the process quick and easy. Your home loan professional will be able to discuss your qualifications with you on an individual basis. To get started immediately click here [...]

The FHA now offers a variety of loan programs to a large population and FHA mortgages have fixed interest rates. Many find these home loans attractive because they require very small down payments, non occupants can assist income, and because the FHA regulates the closing costs. These loans also have qualifications that are easier to [...]

 
 The differences in the type of interest you pay on your home loan will impact the price of your monthly payments. With simple interest, interest is calculated once and is fixed. This can create savings for the home owner because with compound interest, the interest amount is added to the principle continually and then begins [...]

The U.S. government began a record weekly sale of $200 billion in Treasury debt Monday with two issues that met solid demand.

Most forecasts of future performance in the auto industry tend to be variations of tea-leaf reading. Analysts take a look at what companies are planning in the way of future models, make a guess about sales volumes, and lay that over a macroeconomic outlook. The results are compromised by too many hard-to-quantify variables.

Reuters – Stocks edged lower on Monday as corporate results from companies, including Verizon and Honeywell International , failed to entice investors following two weeks of gains that lifted all major indexes about 11 percent.

Reuters – Congress will consider steps to curb speculation in the credit default swaps market and could ban naked swaps, according to a U.S. House of Representatives Committee document obtained by Reuters.

Reuters – Sales of new single-family homes in the United States rose more than expected in June, while the inventory of homes for sale fell to a more than 11-year low, government data showed on Monday.

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Reuters – EBay Inc will slash fees by 20 percent for its top-rated sellers and push their listings higher up in the search queue, part of steps to try to rev up its long-stagnant Marketplaces arm.

This question seemed unthinkable to ask just a few months ago, but here goes: Did the economy actually grow during the past three months?

Stocks dipped Monday afternoon as investors pled exhaustion after a two-week rally, but strength in banking and homebuilder shares helped temper any losses.

We’ve been hearing a lot about “cash for clunkers” in recent months. But it kicks into high gear this week now that final rules have been published. Here’s a clunker update.

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Read full story for latest details.

Reuters – Aetna Inc slashed its full-year earnings forecast on Monday because of higher-than- projected medical costs, sending its shares down more than 5 percent as the health insurer also posted a 28 percent drop in second-quarter net income.

Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes, according to a report released Monday.

In the midst of the worst job market in 26 years, desperate job seekers are trying all sorts of extreme tactics to find employment.

If the credit markets have been an iceberg over the past year, the private equity business has been frozen as solid as a prehistoric glacier. Buyout giants like KKR, Blackstone, and Bain Capital — who just a couple of years ago were vying to one-up each other on a monthly basis with new mega-deals — have been in a virtual hibernation for months.

When Colorado-born developer Mark Durliat discovered the Grace Bay Club hotel, located on the Caribbean island of Providenciales (part of Britain’s Turks and Caicos group), it looked like the perfect investment: a hotel on a beautiful stretch of beach, in an up-and-coming tourist destination with a stable government and no restrictions on foreign ownership. After raising $17 million from investors, he bought the property in 2001 with plans to turn it into a premier resort.

Trouble is brewing in the commercial real estate market, with everyone from building owners to Ben Bernanke wondering if we’re in for “Real Estate Nightmare, Part 2.”

Trouble is brewing in the commercial real estate market, with everyone from building owners to Ben Bernanke wondering if we’re in for “Real Estate Nightmare, Part 2.”

Shortly after Karlene Anderson retired in 2007, she and husband John decided they should relocate from Danbury, Conn., to be near their son and grandchildren in Atlanta. Given that they had never lived in the area, the Andersons figured they’d rent for quite a while. But as home prices tumbled, the couple decided to pull the trigger on a purchase.

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Read full story for latest details.

Read full story for latest details.

Reuters – Honeywell International Inc reported a 38 percent drop in earnings and cut its full-year profit forecast, saying that the recession was matching up to the worst of its expectations.

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Read full story for latest details.

AP – The first company to list on China’s main stock exchange in 11 months soared more than 300 percent in its trading debut Monday, reflecting renewed market activity following a sharp decline last year.

Reuters – Many real estate investment trusts (REITs) spent the first quarter avoiding a financial funeral, but when they report second-quarter earnings in the next weeks, some may be feeling a new sense of longevity.

AP – Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke staked out opposing sides Friday in a turf war over who should protect Americans from shady mortgage lending, abusive credit card fees, payday loans and other high-cost or risky financial products.