Debt Consolidation, Help and Relief

Interest Rates Dropping, Mortgage Applications Increasing

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  • Posted 05/12/11. by alison

Interest rates dropped again for the fourth week in a row, which officials say is helping to increase the number of mortgage applications in the US. The Mortgage Bankers Association says the number of applications has increased at the fasted pace in two months and they say it’s because of dipping interest rates.
According to Reuters, [...]

Federal Reserve Officer Voices Opinions About Treasury Debt Purchases

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  • Posted 07/31/09. by admin

In a recent statement, President of the Federal Reserve Bank of Atlanta Dennis Lockhart said that the performance of the economy would determine how future use of Treasury buying programs would proceed.

Tags: federal reserve, federal, treasury debt purchases

Federal Reserve Considering Increases In Debt Purchasing

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  • Posted 06/6/09. by admin

It seems that the Federal Reserve is considering the expansion of a program geared towards the purchase of mortgage and Treasury securities. This is the latest effort by the Fed to strengthen the credit markets and keep interest rates in check.

Tags: federal reserve, debt purchasing

Treasury Credit Swaps Soar To Record On New $800 Billion Pledge

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  • Posted 12/4/08. by admin

There have been a number of concerns raised about how exactly escalating debt will be funded. Costs associated with protecting against losses on US Treasuries increased amid fears generated after the Federal Reserve issued a new $800 billion program to battle the economic crisis.
Ten-year credit-default swaps on US government bond increased by six basis [...]

The Grim Reality Of Those Tax Rebate Checks

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  • Posted 06/12/08. by admin

When President Bush approved the economic stimulus check it was hailed as the shot in the arm the economy needed. Unfortunately, the economy is proving to be worse off then first suspected and those stimulus check may prove to be a short term fix rather than the needed jump start.
Now this is not new to [...]

Fed Pessimistic For This Year

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  • Posted 05/24/08. by admin

The Federal Reserve bank announced today, Wednesday, that the economic situation in America isn’t necessarily going to get better soon. Nonetheless, despite the bad news, the bank says that it is hesitant to lower interest rates any more than it already has.

Tags: federal reserve, credit crisis