| Jul 30, 2014
| 12:53 PM
Despite the economic rebound and sharp drop in the unemployment rate recently, Federal Reserve officials still see considerable weakness in the labor market and remain very cautious about moving away from their easy-money policy.
The Fed, in a statement...
| Jul 17, 2014
| 7:31 AM
The cost of getting a mortgage has leveled off, with Freddie Mac saying lenders were offering 30-year fixed-rate home loans this week at an average interest rate of 4.12%. That rate is little changed from the average of 4.15% over the last 10 weeks.
| Jul 31, 2014
| 3:32 PM
HAMPTON — One evening last summer, the Peninsula Pilots' braintrust of Hank Morgan and Chris Ochsenfeld pivoted away from their usual discussions of monetary policy and geo-global politics and wondered how they might better handle the team's...
| Apr 23, 2014
| 6:47 PM
Even though the recent financial crisis is barely in the rearview mirror, risk is starting to build once again in both the U.S. mortgage and housing markets.
Contrary to the prevailing view that only borrowers with pristine credit records can get a...
| May 1, 2014
| 8:35 AM
Car sales in the U.S. hit their highest monthly level since the mid-2000s for the month of April, as retailers moved an estimated 1.4 million vehicles.
Those strong monthly numbers suggest car sales for the year could hit 16.5 million, up as much as 10%...
| Apr 24, 2014
| 8:06 AM
Heavy spending to repair more than 6 million vehicles in the first quarter triggered an 88% plunge in General Motors Co. earnings for the period, compared to a year earlier.
The nation’s largest automaker said it earned just $108 million, or 8...
| Apr 8, 2014
| 2:30 AM
Kiplinger's Personal Finance
Rising rates have been the talk of Wall Street -- and Main Street -- for months. The yield on 10-year Treasuries has climbed more than one-half percentage point over the past 12 months, to 2.7 percent.
But not all rates...
| Aug 18, 2014
| 12:48 PM
Is it more difficult to borrow money for a mortgage today than it was just three years ago when pretty much anyone with a last name was approved for financing? Yes -- and it should be to avoid the kind of foreclosure crisis we're facing right now. Is it...
| May 7, 2014
| 8:30 AM
These are nationally available credit cards offering the lowest interest rates on purchases as of May. 07. If you typically pay off the entire balance monthly, look for a zero-annual fee card that allows the most interest-free or grace days. Some cards...
| Jul 10, 2014
| 10:59 AM
Three of the state's fastest growing credit unions are based in Broward County: City County, BrightStar and Sun credit unions, according to a statewide study.
The three grew assets by more than 10 percent last year as a time when nationally the...
| May 27, 2014
| 6:35 PM
Pacific Investment Management Co. is rehiring a former top executive in its latest bid to overcome the furor still lingering from the surprise resignation of its chief executive early this year.
The Newport Beach bond fund giant said Tuesday that Paul...