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Interest Rates are on the Way Up

by on February 19, 2010

Interest Rates on the Way UP! By Brian Madigan LL.B. The interest rate environment in North America has been low. The US Federal Reserve has maintained the discount rate at 0.50% since June 2006. Now, the rate has now increased to 0.75%. This comes in response to the improvement in financial market conditions. The new [...]

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Fed’s leave key rate unchanged

by on December 17, 2009

The Federal Reserve today announced it will maintain its target for the federal funds rate in the 0 percent to 0.25 percent range, and expects economic conditions to warrant exceptionally low levels of the federal funds rate for an extended period of time. “Information  suggests that economic activity has continued to pick up and that [...]

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Interest Rates Remain Low

by on November 2, 2009

In Freddie Mac’s results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 5.03 percent for the week ending October 29, 2009 – up from the previous week when it averaged 5.00 percent.       Last year at this time, the 30-year fixed-rate mortgage averaged 6.46 percent.       “Interest rates for 30-year fixed mortgages [...]

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Canadian Dollar and Interest Rates October 2009

by on October 15, 2009

The Canadian Dollar and Interest Rates October 2009 By Brian Madigan LL.B. So, here’s the problem: the Canadian dollar is rising in value. It’s now at 97 cents compared to the US dollar. What does that mean? In large measure, “interest rates” and “expected inflation” are the tools used by Canada’s central bank to control [...]

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