Economy

01.12.2009 Economy, Mortgage 1 Comment

Beware of a Mortgage Rate Spike This Spring

Beware of Mortgage SpikeA looming shift in Federal Reserve policy could send the 30-year fixed mortgage to 6% or higher, up from Monday’s rock-bottom rate of 5.02%. For all the hullaballoo about the stimulative impact of last week’s decision to extend the $8,000 First-Time Home Buyer Tax Credit and create read more

17.11.2009 Economy, Real Estate No Comments

First Time Homebuyers Leading Market Back

First Time Home BuyersPropelled by the first-time homebuyers tax credit, nearly half of home sales are now being made by first-time purchasers, according to an industry report released Friday. In fact, 47% of all Americans who purchased homes this year had not owned one read more

12.10.2009 Business, Economy, Shopping No Comments

Drinking For Dollars

Wine and BusinessWhich muckraking journalist observed that nobody ever went broke underestimating the intelligence of the American public? I may as well just tell you the answer, since chances are you can find it the way I did, in 10 seconds or less, with the help of a search engine on your phone read more