Borrowing money just got a little cheaper today, emphasis on little. The markets and financial analysts were surprised to only get a 25 basis point cut in the federal funds rate. The reaction in the stock market sent the Dow Jones Industrial Average down over 220 points immediately after the announcement. A quick peek at a group of stocks’ 1 [...]

Tuesday is the big Fed rate decision that has been playing havoc on the markets for the past few weeks. The market has pretty much priced in a 25 basis point reduction in the fed funds rate, but more and more people are thinking a 50 point reduction is possible. I’m really torn on whether Bernanke and Co. will lower [...]

A surprising turn of events in the mortgage industry was unveiled recently. The number of applications for both new mortgages and refinancing were up last week nearly 18% over the same week last year. This is in part due to mortgage rates sliding slightly and borrowers with ARM’s refinancing to a fixed rate loan. While most of the news has [...]