Tag Archives: interest rates

Mortgage Lengths – the Surprising Popularity of the 15-Year Mortgage

For most people, their home mortgage amounts to the most money they will ever borrow.  In Chapter 8 of Personal Finance, Turning Money into Wealth we look at “the mortgage decision” and lay out the steps you need to take … Continue reading

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Podcast Class Assignment: Understanding Operation Twist

A lot has been happening lately in the economy.  Last week the Federal Reserve announced they were going to launch something called Operation Twist.  The Fed, worried about unemployment, is trying to lower long-term interest rates, hoping that this action … Continue reading

Posted in Ch. 8, Home and Auto, Ch.11, Investment Basics, Ch.14, Investing in Bonds, Heads Up | Tagged , , ,

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

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