Bank of America Mortgage Rates
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As the markets absorb the new Fed policy to buy long term bonds, referred to as operation Twist, certificate of deposit rates continue to press on to lower levels.  This week, CD interest rates reacted to the Fed’s desire to drive long term rates lower with CD rates experiencing yet another down week.  Unfortunately, it
Global economic headlines and oil prices are having little impact on CD rates going into the New Year.  Historically, bank rates follow the direction of the economy.  Stronger economic numbers lead to higher bank rates while weak numbers lead to lower rates.  This past week was light on data but the trend in December showed
After the monthly jobs report was released on February 7th, CD rates were overcome with apathy.  Although the monthly jobs report was measurably worse than expected CD rates, along with most all bank rates, were changed only fractionally based on the news.  Unfortunately for savers, the overall rate change was to the downside albeit, only