What Is "Prime"? The Prime Lending Rate - sometimes just called "Prime" - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs - are set in relation to Prime.In the US, Prime is affected by the … [Continue reading]
FOMC Statement: Fed Holds Steady on Rates
According to statement issued at the conclusion of today's Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low … [Continue reading]
FOMC Statement: Fed Holds Steady on Rates
According to statement issued at the conclusion of today's Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low … [Continue reading]
Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan
Buying a home isn't cheap. But if you're determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality. So … [Continue reading]
A Guide to Financing Home Improvements and How Mortgage Refinancing Can Help
If you're planning to remodel or renovate your home in the near future - whether to provide a better living environment or as part of a house flip - you'll need to find a way to pay for your home improvements. There are several different possible … [Continue reading]
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