The prices of oil have tripped below $60 a barrel right after the traders observed the economic weakness signs, though it is forecasted by the International Energy Agency that global oil demand would turn into normal stage.

Increased unemployment is becoming the major cause of foreclosures. Obama Administration’s plans to keep people in their homes are shattering at their best. shattering with them are the dreams and hopes of millions who want to see an end to housing crisis and rebound of nation’s failed economy.

On Monday morning there has been a slump in the energy sector and so the worries about the upcoming earnings season weighed on U.S. stocks. In New York recently crude futures were down $2.54 to $64.19 a barrel, which leads to a broad decline in raw materials. The Dow Jones-UBS Commodity Index was off 2.9%.
For a third day treasury two-year notes has shown a rise as the Federal Reserve bought $7 billion in government securities and decline equities stoked demand for the relative safety of fixed-income assets.

The US Treasury Department may initiate its program in order to encourage purchases of mortgage-backed securities from banks with about $20 billion in public and private money

Total number of failed U.S. banks has reached 52 during the year 2009 as seven more banks have been shut down by the bank regulators, this Thursday.

If we look into history of different countries we will find that different countries faced the financial crises at different times. As the world is facing now financial crisis now also, the question comes in mind that who are those who run this finance horse, what are the reasons which leads to financial crises? Or is there is someone who is holding all the strings and keep them pulling? So many questions come in mind when mind starts thinking about it.

As the name indicates, this type of personal loans has been designed specifically for those individuals who are suffering from bad credit status. Although there are a number of personal loans that are available in the market, the terms and conditions of these loans enable the individuals to be rest assured that some kind of financial support and assistance is available to them.

The certificate of deposit rate which are higher than national averages are the ones that are for Long term. These days national average for 12 month CD rates is at 1.308 percent. American Express is offering 1.75 APY on 12 month certificates of deposit. Similarly the spread between national average and American Express Bank’s 18-Month CD rates is significant. earlier is at 1.447 percent while later is at 2.15 percent.

30-year fixed rate mortgage were issued at an average rate of 5.34 percent. a slight increase over prior week’s 5.20 percent. The lowest levels of average mortgage rates were recorded at 4.84 percent on May 18th, 2009.

This is perhaps the fairy godmother fantasy. A Nice Big Debt Consolidation Company appears and claims they will turn your life so much comfortable. The consolidators will negotiate lower interest rates, slash your monthly payments — and the only thing you need to do is make “one easy payment.”

Current trend in jumbo mortgage rates is that it is now back to normal. By normal, it means that you can now easily find a Jumbo Loan with mortgage rates that are only less than one percent above the conforming mortgage rates.

fixed interest rate to variable rate that will bound the Companies to notify the customer about upcoming change in interest rate at least 45 days before.

When you want to buy a house on loan, you must consider all your options carefully before choosing one of them. You must decide which mortgage is best for you and then settle for it when you are completely satisfied with it. Fixed-rate mortgage and adjustable-rate mortgage, both have their pros and cons.

short term outlook for 15-year fixed rate mortgage is at around 4.50 percent +/- 10 basis points. It is interesting to know that on June 15th, 2009 the 15 year fixed rate mortgage were averaging at 5.20 percent.

The Obama administration is paying special attention towards students and in order to promote college education, new plans have been introduced to help college students. According to this plan, paying accumulated debt throughout college will be more affordable—including smaller payment requirements at a minimal interest rate.

Again there has been a fall in the U.S. long-term fixed mortgage rates. The rates fell for the third time in four weeks. The rates have slid down up to lowest level in six-weeks.