Articles

All Articles

5 Reasons Why You Should Never Ever Buy A Structured Note Image Copyright: BestCashCow

5 Reasons Why You Should Never Ever Buy A Structured Note

Morgan Stanley, Goldman Sachs and second-tier full service brokerages make a real market in structured notes. So-called "structured notes" are intricate products that carry the possibility of earning a much higher interest rate... Read →

How Low Will Mortgage Rates Go?

Mortgage rates continue to drop for the sixth straight week. How much lower can they go?

Read →

Choosing the ideal house for you and your family is one part of the searching process, but you also have to make sure you move into the right neighborhood.

Read →

Many potential home buyers are hesitant about buying a home in this economic climate. Are their hesitations unfounded?

Read →

If you've been renting, waiting for the housing market to collapse, the last week is good news for you. Houses are about to get a whole lot more affordable.

Read →

Citibank reported earnings today that beat pretty low expectations. The most interesting thing about the story from my perspective was that it did so by paying less for deposits.

Read →

Think most stock pros know what they are doing in these times of uncertainty - NOT. Read on.

Read →

The government finally stepped in and seized Fannie Mae and Freddie Mac, putting it out of its housing bubble induced misery. Everyone stands to benefit except for the US taxpayer, who is now on the hook for billions.

Read →

How will the seizure of Fannie and Freddie impact you in your day-to-day lives? Read on.

Read →

Average 30-Year Mortgage Rate Rises Above 5%

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.00 percent with an average 0.7 point for the week ending October 22, 2009, up from last week when it averaged 4.92 percent. Last year at this time, the 30-year FRM averaged 6.04 percent. So mortgage interest rates are almost 100 basis points below what they were last year.

Read →

Savings and CD rates dropped last week while mortgage rates rose, reflecting the steepening of the Treasury yield curve. The Fed continues to hold short and medium term rates low and longer-term rates are responding to inflation fears.

Read →

Fed Chairman Ben Bernanke, in a speech to the American Economic Association said that the low rate policy of the Fed in 2001-2004 played only a small role in the housing bubble. What were the culprits? Lax regulation, lax underwriting, and global capital flows.

Read →
The economic news last week didn't shed any great insight into what the future holds. If anything, the bias was a bit on the slow growth, slippery economic slope path. Several Nobel Laureates including Paul Krugman were talking about... Read →
I have a discussion with a friend of mine on whether it is better to buy a house when interest rates are low, as they are today, or high. I think the recent real estate collapse provides the answer. The conventional wisdom is that the... Read →
The average rate on a 30-year fixed mortgage dropped last week from 5.01% to 4.97% according to data from Freddie Mac. The average 30-year fixed mortgage from the BestCashCow rate tables also dipped slightly from 5.017% to 5.015%. Mortgage... Read →