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It pays to do your homework and I am sure investors of this fund will not make that mistake again. www.bestcashcow.com/bond_resources/index.html

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The National Association of Realtors announced today that existing home sales for October rose 10.1% to a 6.1 million annual rate from a 5.54 million pace in September. This of course was done with massive government intervention including the $8,000 first-time home buyers tax credit, super low interest rates, and FHA mortgage assistance.

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CD and savings rates showed virtually no movement over the past week. Mortgage rates have decended over the past three weeks, touching lows not seen since last April when the Fed began buying up mortgage backed debt.

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Pimco's Bill Gross says the Fed's monetary policy is designed to reinflate the economy by forcing investors to deploy their money into riskier investments. Investors are stuck in a catch22 - move money into riskier investments and potentially lose it; or keep it in low yielding accounts.

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US mortgage rates dropped for the third consecutive week. The 30-year rate dropped to 4.83% from 4.91%, the lowest since May, mortgage buyer Freddie Mac said today. The average 15-year rate fell to 4.32%, the lowest since records began in... Read →

The North American Securities Administrators Association (NASAA) announced today a settlement with Wells Fargo in which the bank agreed to reimburse $1.3 billion related to the sale of auction rate securities to its clients. That makes it the last of the large banks to put its auction rate security mess behind it.

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Rewards checking accounts, accounts that pay above-market interest in return for certain customer actions are coming under government scrutiny. Several banks have been forced by the FDIC to lower the rates they offer to rather low levels in an effort to help them recapitalize.

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Bank of America is offering a Special Rate Money Market Savings Account that pays 1.5% APY, guaranteed until April 1. The money is totally liquid.

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The Jacksonville Bank, a small bank in Florida is currently paying 1.75% APY on a 6-month CD and 2.60% APY on a 24-month CD. Those are the best CD rates for their respective terms according to the BestCashCow rate tables.

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It is common for investors, especially new ones, to be confused about terms common for bonds. Here is an explanation of some of the more common ones.

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Fed Chairman Ben Bernanke said today that he doesn't see evidence of an asset bubble in financial markets - equities, gold, commodities, etc. This of course reminds me of Alan Greenspan's famous announcements early in the decade that there was no housing bubble. Yeah, right.

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Here are some tips you can use to help make the processing and funding of your loan a quicker and less stressful experience.

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Here is a look at the hugely popular Interest only loans. They are not so wonderful now.

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While this article is geared for people residing in Texas, others may be interested in the very different lending laws found in that state. By and large, the loan process, rules and regulations vary very little from state to state and if... Read →
The big news this week from the economic rate front is that the Fed reaffirmed its commitement to keep interest rates low for the foreseeable future. The news sent the stock market soaring, with the Dow hitting a 52-week high of 10,291. We... Read →