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The average rate on a 30-year fixed mortgage dropped to a 10-week low, moving from 4.97% to 4.93% according to data from Freddie Mac. This differs from the BestCashCow averages where the average 30-year fixed mortgage rose from 5.015% to 5.031%. This divergence continues to reflect market uncertainty as 30-year rates vacillate around the 5% range.
Read →Palladian Private Bank, a division of The PrivateBank and Trust Co. is offering a very competitive 1.70% APY savings account rate and a 12-month CD paying 1.90% APY.
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Prem Watsa: The "New Warren Buffett"
Prem Watsa and Fairfax Financial Holdings are not very well-known outside of Canada. Here's why this business is relevant to all conservative investors and is worth watching.
Read →In any era where consumer electronics is a zero sum game for everyone but Apple, Dell looks especially horrible.
Read →As Akio Toyoda gives in to pressure to testify before the House Oversight Committee, it appears that Toyota is entering a death spiral.
Read →The statistics that go along with credit card and consumer debt are staggering. But do you know how bad things really are?
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San Diego a Hotbed for Missed Mortgage Payments
The housing crisis has hit hard everywhere. Even San Diego County is not safe from the ill effects of the mortgage problems.
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Five Tips for Reducing Credit Card Debt
Paying off your credit cards and debt is not always easy, but it is definitely worth the trouble. Here are some tips to help you make the process easier and smoother.
Read →The Obama administration has a program that is designed to help homeowners who are in financial trouble. But is it enough?
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Berkshire selling J&J, P&G stakes
Warren Buffett's Berkshire Hathaway has been selling shares in Johnson & Johnson, Proctor and Gamble and ConocoPhillips during the last quarter. Is Buffett bearish on the stock market?
Read →Series I Bonds are currently paying 3.36% and are state and local tax free (and federal tax deferred). They can't be sold for 1 year so can be compared to a 1-year CD.
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