Going . . . Up The biggest price increase I’m aware of isn’t gas (up 40% in six months), groceries (up 20% in the same span), or health care (who knows??). It’s the price of online content (see, “Online Content: No More Free Ride(r)?”). So, effective March 30, David Rosenberg’s “Breakfast with Dave” will be...Read More
Mortgage Rates, Gas Prices on the Move One of the signs that’s something afoot in the financial markets — as it is now — is that interest rates re-set several times in one day. (More typically, they re-set every few days.) Although the increments have all been small, that’s been happening all week in the...Read More
Banks Not Passing Along Rate Drop? After a dramatic drop late Wednesday, 30-year mortgage rates have leveled off at 4 5/8% at the moment. Given the size of the Fed commitment — up to $1 trillion in new cash aimed at mortgages — you’d expect rates in the low 4’s. Why hasn’t that happened (or...Read More
