Truthdig - Tag - Interest Rate

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Tag: Interest Rate

Philip Taylor PT (CC BY-SA 2.0)

Banks Take High From Homeowners and Sell Low to Investors

Record low interest rates on mortgages and refinancing deals are reducing costs to homeowners. But banks are making unusually high profits by selling bundles of those loans to investors at similarly low rates, which means borrowers could be saving even more.

Posted on Aug 9, 2012 READ MORE

Fed Forecasts Slow Growth in 2008

Officials at the Federal Reserve are running out of creative ways to stave off a recession and expect the U.S. economy to slow to a crawl in 2008, with a growth rate of only 1.3 to 2 percent over the year.

Posted on Feb 20, 2008 READ MORE

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