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How Are Mortgage Rates Set?
When you look at mortgage rates, do you ever wonder how they come up with the numbers? It isn't as mysterious as it seems. The Federal Open Market ...»
Advantages and Disadvantages of a 15-Year Mortgage
So you missed out on last spring's ultra-low rates, those dizzying few weeks when 30-year fixed -rate mortgages could be had at interest rates ...»
Fed Rate Cuts: How Low can they Go?
Usually, a Fed funds rate cut of even a quarter percentage point is extreme. But within the past few weeks, the Fed has slashed rates by half a ...»
All Fall Down: What if Fed Rates go to Zero?
If the Federal Reserve keeps cutting rates until they hit zero, it might stimulate the economy by boosting the housing market. On the other hand, ...»