Articles

By publicly revealing that they sent requests to a bunch of hedge funds to keep trading records related to the Euro currency, the U.S. government is in effect telling hedge funds not to profit from any overvalued situations, such as the Greek debt

The mortgage business is going through some turmoil. Fannie Mae and Freddie Mac are looking for solutions to stop the proverbial bleeding.

North Carolina's MidCarolina Bank is offering a great bonus for signing up for a reward checking account.

The spread between savings rates and CD rates hit a record this week as savings rates and short-term CD rates continued to decline while longer-maturity CDs held their return. The increasing spread indicates that banks are compensating longer-term deposits more now than ever before.

Savings rates dipped slightly this week with the average dropping from 1.45% APY to 1.41% APY. Despite that, the top savings rate remained at 2% (ReadySaver.com from Southern Community Bank).

After printing endless amounts of money and growing an unsustainable fiscal deficit, the US economy and inflation outlook is dire. However, it's my opinion that we are not going to see anything like the

The average rate on a 30-year fixed rate mortgage continued to see-saw around the 5% range, dropping by 8 basis points from 5.05% to 4.97% after rising 12 basis points last week (a basis point is one one hundredth of a percent). The BestCashCow averages also dropped, with the average 30-year fixed rate mortgage moving from 5.042% to 5.015%.

The United States Government has made a billion dollar profit by selling warrants in Bank of America to undisclosed investors.

iGOBanking is now offering some pretty decent gifts along with their competetitive CD rates to open a CD. They have just launched a new website called giftsforbanking.com that showcases the gifts they provide. The type of gift you'll receive depends on the amount of money you deposit into the cd as well as its term.

Walking away from your mortgage is not as easy as you may think!