The Great Recession 2.0 In 2007 the United States economy was in crisis. The housing crisis along with record high prices for gasoline had many Americans on the verge of financial disaster. Stock markets plunged, home values plummeted, while unemployment soared. The Federal Reserve’s target rate was 5.25 %( the interest rate that banks can … Read Full Post
Category: Finance
You’re Waiting to Buy a New Home – WHY?
There is very little to gain by waiting. A 5% increase in the cost of your new home and a half-point increase in your mortgage rate will increase your monthly mortgage payment 11.5%. This will sadly force some to buy less than their family had wanted. Why wait for a lower rate? Interest rates are … Read Full Post
