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With the crisis clearly past, the Fed ought to boost short-term rates to a more normal 2% - still low by historical standards - to send a signal to the markets that the U.S. is serious about...
It's rare when ING Direct comes out with a competitive rate on its CDs. Now is one of those rare times. They're offering a 2.10% APY 1-year CD.
In my opinion, ING Direct has the best interface...
The Federal Reserve's Federal Open Market Committee today voted to keep the target range for the federal funds rate at 0 to 1/4%. In addition, the Fed said it would continue programs to keep...
The two banking subsidiaries of Irwin Financial Corporation were closed today by regulators. Both of the subsidiaries had separate FDIC charters so this technically counts as two failed banks which...
With a modicum of hindsight now available, do governments and central banks deserve credit for preventing catastrophe? The early verdict from most scholars, executives and government insiders is...
Although 0% balance-transfer offers are fairly rare from credit-card issuers these days, people with good credit may be able to use them to pay down debt. But should they?
Increases in mortgage rates typically suggest some recovery within the financial markets because as people begin to increase borrowing, mortgage rates tend to increase. However, any substantial...
On Thursday, the first of a set of new rules went into effect resulting from the landmark credit card legislation earlier this year. Many credit card companies rushed to hike rates and increase...
The FDIC hasn't been doing a good job at keeping secret pending closures of large banks. Before Colonial Bank was closed last week, news reports of the pending closure and takeover by BB&T were...
Bank of America is offering 1.50% APY on balances from $10,000 to $250,000 on its Introductory Rate Money Market Savings. The rate is guaranteed through 1/04/2010, and at that time, the account...
There are growing fears that talk of a recovery is a Wall Street illusion and that the economy could dip into recession again if the job market doesn't improve soon.
Quotes from the article...
This is good news and necessary to sustain the pockets of stabilization in the housing market. However, I've read another article which suggests interest rates could creep up to 6% within the next...
As mortgage lenders loosen up the credit and more homebuyers begin to take advantage of various incentives, we may see an increase in rates within the next few months. Right now is a great time to...