By: Jenny Zhang With so many home loan options out there, it’s easy for a first-time buyer to feel overwhelmed. Traditionally, the often-repeated phrase is to save 20 percent before buying your first home. But with loans such as the FHA loan offering as low as 3.5 percent down, is 20 percent still necessary? Even [...]
Posts Tagged ‘30 year fixed’
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
Quicken Loans & Quizzle Chairman Dan Gilbert’s Proposal To Fix The Housing Crisis – A Solution That Works!
October 6, 2008Got something big to tell you all about. HUGE. Ginormous – and yes, that is a real word. The video is on CNBC. It’s in the newspapers. And I mean, really….that’s just how Quizzle blog rolls. Ginormously. Back to the news. Told y’all about the bailout bill last week, right? Well, it finally passed. But [...]
