If you want to buy a $300,000 house, you’ll need $60,000 as a down payment to get the best interest rate on your home loan, according to a proposal released Tuesday by federal regulators. A group of federal agencies announced a high standard for home buyers to get the best mortgage rates: Only those who [...]
WASHINGTON — Focused on keeping the recovery going and driving down double-digit unemployment, the Federal Reserve is poised to leave interest rates at a record low.Fed Chairman Ben Bernanke and his colleagues, at the end of their two-day meeting Wednesday afternoon, will likely strike an upbeat note about the progress the economy is making. But [...]
The average heating residential customer will pay about $2.92 more per month for the next three months. New rate 23 percent lower than this time last year. (Philadelphia, PA – Dec. 1, 2009) – The Philadelphia Gas Works (PGW) announced that it will increase the price its residential customers pay for natural gas. The average [...]
NEW YORK — For Citibank credit card holders, there is one way to escape the bank’s rate hikes currently under way: Meet a monthly spending requirement. Those who meet the spending minimum – in some cases $750 a month – will be able to get a rebate on their total interest charges for that month. [...]
Not too much time has passed since Obama signed the bill for credit card reform, but issuers are increasing rates and fees for certain borrowers again while they can before restrictions take effect in February 2010. http://www.usatoday.com/money/perfi/credit/2009-06-29-banks-fees-credit_N.htm?csp=34
Spending money wisely, from home repair to shopping
