Up to 17% of all student loan debt is held by individuals over 50 years of age. Student loan debt is becoming an increasing problem and afflict individuals across all age groups.
Posted on April 03,2012 by Sol Nasisi
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We all know the expression that cash is king. But with rates on savings, checking accounts, and CDs in the low single digits, the question is, how much of a king? How much money should an individual hold in cash?
Posted on February 16,2012 by Sol Nasisi
The FBI recently issued a warning about a new attempt by hackers to gain access to your bank information. Called Gameover, the phishing scheme involves spam emails - purpotedly from the National Automated Clearing House, the Federal Reserve, or the FDIC.
Posted on February 02,2012 by Sol Nasisi
ING Direct is back with their annual Black Friday sales event. As part of this event, ING offerering over $250 in bonuses to consumers who open certain accounts.
Posted on November 25,2011 by Sol Nasisi
For this week's weekly rate deal, we are traveling to Rake, IA where State Savings Bank is offering a 3.82% APY fixed IRA.
Posted on November 07,2011 by Sol Nasisi
PayPal once offered a money market fund for its merchants that had one of the highest yields in the country. Today, the company announced that it is shutting it down.
Posted on June 30,2011 by Sol Nasisi
Mark Haines, the gruff, jocular CNBC anchor died unexpectedly in his sleep last night.
Posted on May 25,2011 by Sol Nasisi
Dividends yields are beating bond yields by the most in 15 years, as low stock prices and cash rich companies help to boost yield.
Posted on September 08,2010 by Sol Nasisi
The Fed today released its FOMC statement, in which it painted a picture of an economy that is not growing as quickly as anticipated. While savers are suffering, mortgage borrowers have never seen rates so low.
Posted on August 10,2010 by Sol Nasisi
Average 30-year mortgage rates dropped to 4.60% according to BestCashCow/Informa data. That's down from 4.66% and a 2010 high of 5.20% in early April. Fifteen year mortgages rates are close to breaking into the 3% range and now stands at 4% even. Data from the National Bureau of Economic Research indicates that the 30-year fixed hasn't been this low since the 1950s.
Posted on August 10,2010 by Sol Nasisi
The 10 year Treasury rate fell to 2.82% today, a 16-year low before closing at 2.83%. That means that 30-year mortgage rates will continue to drop, potentially moving under 4.50%.
Posted on August 07,2010 by Sol Nasisi
Average 30-year mortgage rates ticked up slighltly from 4.66 to 4.68% according to BestCashCow/Informa data. That's down from a 2010 high of 5.20% in early April. Fifteen year mortgages rates are even lower at 4.13%.
Posted on July 21,2010 by Sol Nasisi
The Federal Reserve released its FOMC Statement today and there were no surprises. The Fed reiterated its support for "exceptionally low levels of the federal funds rate for an extended period." That means savers will continue to earn almost no rate of return on savings accounts and very little on longer-term certificates of deposit.
Posted on June 23,2010 by Sol Nasisi
Average 30-year mortgage rates dropped to 4.76% according to BestCashCow/Informa data. That's down from the high of 5.20% in early April. Homebuyers and homeowners looking to refinance can thank the European debt crisis for the drop below 5%. European debt fears have sent a wave of cash into Treasuries, driving down the 10 year note. The 10 year note is the benchmark used to set 30 year rates and it is now bumping around at its low for the year.
Posted on June 23,2010 by Sol Nasisi
Average 30-year mortgage rates dropped for the seventh week in a row to 4.85% according to BestCashCow/Informa data. That's down from the high of 5.20% in early April. Homebuyers and homeowners looking to refinance can thank the European debt crisis for the most recent drop below 5%. European debt fears have sent a wave of cash into Treasuries, driving down the 10 year note. The 10 year note is the benchmark used to set 30 year rates.
Posted on May 26,2010 by Sol Nasisi
