Tag Archives: ch. 8

Personal Finance in the News & Class Assignment: 30-Year Mortgage Rates Fall Below 4%

In Chapter 8 we discuss home buying and taking out a mortgage, and we use the techniques we developed in Chapter 3 to calculate our mortgage payments.  As we learned in those chapters, how large your mortgage payments are depends … Continue reading

Posted in Ch. 3, Time Value of Money, Ch. 8, Home and Auto | Tagged , , , | Leave a comment

Student Exercise: A Closer Look at Credit Unions

The Wall Street Journal recently carried an article titled “Credit Unions: a Cheaper Banking Option.”  This article deals with the fact that credit unions typically have lower rates on loans and often have better deals on savings and checking accounts … Continue reading

Posted in Ch. 5, Cash Management, Ch. 8, Home and Auto | Tagged , , , , | Leave a comment

Mortgage Rates Drop and Refinancing Jumps

As the stock market bounced up and down, the rates on new home mortgages fell.  According to Federal Home Loan Mortgage Corporation, also known as Freddie Mac, last week 15-year fixed rate mortgages (15-yr FRM) fell to 3.50%, which is … Continue reading

Posted in Ch. 8, Home and Auto, Personal Finance In The News | Tagged , , , | Leave a comment