Posts Tagged ‘rate’

TWM: Reaction to Fed Rate Cut


Total Wealth Management teaches you key concepts to managing your finances and creating a plan for your wealth. In this video, Jacob Cooper discusses the recent Fed rate cuts on the Fox6 News.

Fed bumps up rate banks pay for emergency loans

Fed bumps up rate banks pay for emergency loans
WASHINGTON — The Federal Reserve is boosting the rate banks pay for emergency loans. The move won’t affect borrowing costs for millions of Americans, but it brings the Fed’s crisis lending program closer to normal. The Fed has agreed to bump up that rate by one-quarter point to 0.75 percent. The increase takes effect Friday.

Read more on Houston Chronicle

How credit scores impact your mortgage rate

How credit scores impact your mortgage rate
A low credit score results in a high mortgage rate, which adds up to a ton of money over time.

Read more on Bankrate.com via Yahoo! Finance

US bank lending falls at fastest rate in history

US bank lending falls at fastest rate in history
Record contraction raises concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus.

Read more on Daily Telegraph

Report details depth of mortgage delinquency rate here

Report details depth of mortgage delinquency rate here
Nearly 10 percent of San Diego homeowners with mortgages are two months or more behind on their payments and are likely to default and lose their homes to foreclosure, according to a new report from TransUnion, a credit and information technology company in Chicago.

Read more on San Diego Union-Tribune

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