It's a great time to buy a house in the Colorado Springs area, but not such a great time to sell one. Economist Fred Crowley says low prices and low interest rates are creating a unique buying environment.
"Prices for existing homes have dropped quite a bit, in some... more »
Adjustable-rate mortgages, also known as "ARMs," seem to be making a comeback, and if you can recall, it was only a few years ago many blamed ARMs for the housing crisis. Now, ARM rates are extremely enticing, but should you really commit to a fluctuating mortgage rate?
As... more »
The Federal Reserve is sounding a more confident note that the economy is strengthening and pledges to hold rates at record lows to make sure it gains even more traction.
Wrapping up a two-day meeting Wednesday, the Fed in a 9-1 decision retained its pledge to hold rates at... more »
Super-low interest rates are still needed to aid the economic recovery, but there's a chance that the Federal Reserve may have to start raising rates before the nation's unemployment rate drops significantly, a Federal Reserve official says.
Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, made his... more »
Say good-bye to random interest rate hikes. Say hello to processing fees, annual fees, and fees we haven't even heard of yet.
The new U.S. credit card act goes into effect Monday, protecting millions of consumers from what some call predatory practices by credit card companies.
With those... more »
Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a... more »
The hot topic among investors and economists is when, not whether the Federal Reserve will raise interest rates to check inflation -- but it's not likely to happen today. The Fed concludes its two-day meeting on monetary policy with analysts expecting no change. The Federal Open Market Committee is widely... more »