As the President’s First Time Home Buyer Credit and its extension covering repeat home buyers draw to their close, and as mortgage rates start to rise, the question of whether it is financially advisable to buy a house or to rent one has become important again. Most financial advisers suggested renting when house prices were sky high, but that is set to change following much upheaval in the housing market. [Read more…]
Fed Still Cautious About Recovery Predictions
The Federal Reserve is keeping its optimism regarding the future of the American economy under a tight rein for now. At a meeting earlier in the week, debate appears to have taken place on what the Fed policy should be in the near future to improve the current pace of growth, without upsetting the delicate balance which many sectors of the economy have just managed to achieve. [Read more…]
