Bear Sterns bailed out one of its Hedge Funds to a tune of about $3.2 Billion dollars.? And even word there may be need for a second bail out.? This is due to many sub-prime loans going into default. The recent rise in rates compounds the problem because many people hoping to refinance are facing [Read More…]

Yes, we are back and survived an 815 mile, 12-hour drive. We had a great vacation. Great hikes, eating, and even a Mountain Bike adventure. I’ve updates most of our CD Rate related posts. cd :O)

My family will be on vacation next week so don’t look for many posts, unless I can convince my wife that I need a computer fix. If you have any questions about the company or our services call 800-234-4605, my associates will certainly help.

IndyMac has a nice 7-month CD rate of 5.31% APR / 5.45% APY. They are quite a large bank with over $29 Billion in Assets. Their Certificate rates website is IndyMac Bank Their FDIC# is 29730 Updated 8/03/07

We’ve seen the inversion on CD rates practically be wiped out. But, for the most part, Banks and Credit Unions still aren’t paying a big premium for the long-term rates vs. the short-term. We’ve seen the highest 1-year CD rates move to the 5.50% APR range. Outside of some specials, the 5-year is at 5.60%.

Updated 9:42 AM PST — I found this article on Bloomberg. Subprime Crash Squeezes Out First-Time Home Buyers RealtyTrac indicated May had a 90% rise in forclosures over last May.? These higher rates certainly will not help the housing market. The longer the rates stay at these levels, the tougher it will be.? If those [Read More…]

Here is an article about pressure that the Fed is feeling to raise rates. This isn’t the most likely scenerio in my book, but here is the information so that you can form your own opinions. Fed Faces Pressure to Raise Rates, Options Show. If the Fed were to raise rates, you would probably see [Read More…]

From Dwight Johnston of Wescorp. Bonds are getting whacked this morning. (Well, something needed to get whacked after no one got whacked in last night’s Sopranos finale.) Friday’s bond rally from the early morning trade to 5.25% on the 10-year note is proving to me more of a short-covering rally than anything too meaningful. Virtually [Read More…]

This isn’t an angle I had anticipated. Check out this article. Years of global growth raise inflation worries New Zealand raised their rates yesterday. Many fear more to follow. Dwight Johnston of Wescorp has a new long-term commentary titled?And Then There Were None. The jest is, first of all, no one believes there will be [Read More…]

Why a blog? Frankly, it makes it easier and cleaner to communicate new information. We have been using our Top CD Rates and News Page. But, every time we make a post, it just gets larger and slower. Blogs allow for a cleaner, faster, and better organized method for communicating new information. The main page [Read More…]