I mentioned earlier this week, that the Fed might cut it’s benchmark interest rate. They did just that yesterday, by another 50 points. This brings the rate down to 3%. So what does this mean for consumers.
The prime rate is now at 6% (Fed rate + 3%). This means that [...]
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I had a little extra downtime last night as the little one was exhausted from her Dr visit and no afternoon nap. She is fine by the way. Just a little scare with the muscle biopsy. She is scheduled to get a new type of G-tube device. Anyway, as I [...]
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My wife gets paid by the hour. Lately, she has been getting quite a few hours because of her promotion. The problem is that since our youngest has sometimes impromptu Dr’s visits, my wife looses out on pay. This is what happened on our recent trip to Cleveland and also today, as [...]
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I just read an interesting article over at Bankrate about improving a credit score. It seems the writer had some nicks on his credit history less that 7 years ago, but has been clean on his payments on recent loans. He is looking for quick results.
I am trying to get my credit [...]
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It was wild week in the financial world, what with the announcement of a Stimulus package and an interest rate reduction. Here are some of my favorite reads.
Gather Little by Little opens up about 2 months of getting off track in Confessions of a personal finance blogger. What a wonderful post this [...]
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Smart Money has a good post on the effectiveness of the new stimulus package. The basic tenant of the article is pretty good. America was due for an overall market correction, both stocks and housing.
Let’s review the patient’s symptoms. American share prices have spent the past 135 years at an average of 15 times [...]
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Kiplinger has posted an article describing the Federal tax rebates that will be due this summer.
Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don’t pay taxes would get $300 rebates.
The rebates [...]
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For those looking to lock in a good mortgage rate or to get a jump on a refinance, now looks like a good time. According to Bankrate, refi apps are up 92% since November.
The benchmark 30-year fixed-rate mortgage fell 18 basis points, to 5.57 percent, according to the Bankrate.com national survey of large lenders. A [...]
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Looks like the Federal Reserve is trying it’s best to suppress the impending recession.
The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5 percent, down by three-fourths of a percentage point from 4.25 percent.
Dennis Cook / AP
Federal Reserve Bank Chairman Ben Bernanke
The central [...]
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My Powerbook G3 laptop is in great need of replacement. It was purchased in January of 2001 right before Apple’s introduction of the Powerbook G4. Apple fans may know that the G3 Pismo is one of Apple’s finest achievements in the laptop world. The system could have been upgraded to the nine, [...]
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