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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...
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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...
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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...
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