6 Things to Know About the Fed Rate Cut

The Federal Reserve on Tuesday cut its federal funds target rate by more than three-quarters of a percentage point to a range of between 0 and .25 percent. The decision signals that Fed Chief Ben Bernanke is more concerned with the rapidly deteriorating economy–which has been mired in a recession since December of last year–that [...]

Mortgage Rates Drop On Stimulus News

NPR.org, November 25, 2008 · Treasury Secretary Henry Paulson said Tuesday that new programs totaling $800 billion are designed to help stabilize the nation’s financial system and support vital consumer spending.
 
Paulson said key markets for consumer debt, such as credit cards, auto loans and student loans, essentially came to a halt in October and that [...]