What Does the Federal Reserve Do Anyway?

October 4, 2010 by Monica McNamara · Leave a Comment 

With the economy in the news every day, more attention is being focused on the Federal Reserve than ever before. The Federal Reserve is made up of twelve Federal Reserve Banks, overseen by the Board of Governors.  The Board of Governors is located in Washington, DC and is comprised of just seven members, who are [...]

Where Are These Interest Rates Going – Ask The Experts

October 31, 2009 by Monica McNamara · Leave a Comment 

Mortgage Rates Seen Below 6% Through 2010 Even as mortgage rates remain near record lows, the Mortgage Bankers Association believes that the looming expiration of a key Federal Reserve program may increase home loan costs next year. Still, the MBA expects rates to remain extremely attractive throughout 2010, helping to juice home sales and insert [...]

Data Shows Housing Market Starting To Recover

July 23, 2009 by Monica McNamara · Leave a Comment 

WBOC TV News Channel 16 located in Salisbury, Maryland reported this information earlier today. I find it very encouraging that there are signs of new life in our economy. Everyone has been hard hit. Beginning to see some light at the end of the tunnel will further propel our national economy towards more prosperous times. [...]