ShareTweet Thanks to record low mortgage rates and home prices that have fallen roughly one-third on a national level from the real estate bubble’s peak, buying a home is now more affordable than it has been in decades. (NOTE: This takes into consideration the price of the house/mortgage only, not other costs such as HOA […]
Morgan Stanley Sees Higher Treasury Yields in 2010. Economic Recovery in Jeopardy?
ShareTweet Thanks to a ballooning Federal fiscal deficit, Oliver Biggadike and Daniel Kruger of Bloomberg.com report that the chief fixed-income economist at Morgan Stanley believes the yield of 10 year U.S. Treasury will climb to 5.5% in 2010, which is about 40% higher than the current yield.Â (Click here to read their article in full). […]
Personal Spending, Income and Savings Up in November
ShareTweet According to the Commerce Department, personal income climbed 0.4% during November, which is the largest increase in the past six months. Additionally, personal spending increased by a modest 0.5% in November as well. While itâ€™s good to see these numbers increasing, it should be noted that the gains in both personal income and personal […]
Bond Yields Rise, Indicating Belief in Economic Recovery
ShareTweet Donâ€™t look now, but it appears that investors are betting on an economic recovery in 2010 that will be stronger than most economists are currently predicting. Since the beginning of the week, the yield on the 10 year Treasury bond â€“ which is pretty much the benchmark in terms of outward looking economic indicators […]
When Should The Fed Start to Raise Rates?
ShareTweet According to an article by Chris Isidore of CNNMoney.com, a vast majority of economists expect that the United States Federal Reserve will keep its overnight lending rate â€“ to which many home equity and credit cards interest rates are tied â€“ near 0% through 2010 and into 2011. Obviously, this is great news for […]