Cash On The Blog

The housing sector continuing to remain a drag on the economic growth represents a significant risk to the global markets. The credit crunch caused by falling mortgage rates and tightened lending standards has raised dangers in the economic health, affecting borrowers. This made suffering borrowers to pray for key interest rates to go down. The [...]

After passing through a tumbling situation in the recent past, which left the mortgage market shocked (as the short term mortgage rates shot higher), the Federal Reserve has made it possible for them to get back on the normal track.
The Federal Reserve slashed benchmark interest rates by half point in an aggressive move, thus tightening [...]