“It’s Christmas”: Workers Hit By US Shutdown Worry About Paying Bills

any federal workers are already plotting side jobs in the private sector. (AFP) The latest version of a malfunctioning Washington convinced NASA aerospace engineer Edward Amatucci to break a beloved household rite: Over the weekend, after the partial government shutdown went into effect, the 54-year-old furloughed telescope specialist brought down […]

Homebuilders are not getting a bump from lower mortgage rates

David Paul Morris | Bloomberg | Getty Images A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018. Mortgage applications to purchase a newly built home dropped 11 percent in November, compared with a year ago, according […]

Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

Daniel Acker | Bloomberg | Getty Images Prospective buyers and a real estate agent, center, enter a home for sale in Warren, Michigan. Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as […]

SBI’s Multi-Option Deposit Scheme: Here Are 10 Things To Know

SBI or State Bank of India offers a type of fixed deposit or term deposit scheme called the Multi Option Deposit Scheme (MODS). A fixed deposit is a secure financial instrument offered by banks, which fetch guaranteed returns. Unlike normal term deposits which are fully liquidated anytime you need funds; […]

Mortgage rates shoot up to their highest level in nearly 8 years

Strong employment numbers caused mortgage rates to take off with the 30-year fixed-rate average the highest it has been in nearly eight years. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.94 percent with an average 0.5 point. (Points are…  [“source=forbes]