Ad
related to: 2009 money market ratesthepointsguy.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the index had last seen in 1997. On March 10, 2009, a countertrend bear market rally began, taking the Dow up to 8,500 by May 6, 2009. Financial stocks were up more than 150% during this rally.
October 21: The US Federal Reserve announces that it will spend $540 billion to purchase short-term debt from money market mutual funds. The large amount of redemption requests during the credit crisis have caused the money market funds to scale back lending to banks contributing to the credit freeze on interbank lending markets. This ...
These mortgages enticed borrowers with a below market interest rate for some predetermined period, followed by market interest rates for the remainder of the mortgage's term. The US home ownership rate increased from 64% in 1994 (about where it had been since 1980) to an all-time high of 69.2% in 2004. [71]
In August 2007, Committee announced that "downside risks to growth have increased appreciably," a signal that interest rate cuts might be forthcoming. [4] Between 18 September 2007 and 30 April 2008, the target for the Federal funds rate was lowered from 5.25% to 2% and the discount rate was lowered from 5.75% to 2.25%, through six separate actions.
Making money on foreclosures and underwater properties is a growth industry. Real estate speculators, who got us into this mess to begin with, are rubbing their hands in glee, reports Fortune ...
Even as interest rates drop, some top-yielding savings accounts remain competitive. ... At least one money market yield exceeds 5 percent APY. ... That was on June 4, 2009. Marcus by Goldman Sachs
It increased rates in August 2009. [186] On October 6, 2009, Australia became the first G20 country to raise its main interest rate, with the Reserve Bank of Australia moving rates up from 3.00% to 3.25%. [187] The Norges Bank of Norway and the Reserve Bank of India raised interest rates in March 2010. [188]
Money market accounts also have a variable rate, which means your earnings can rise or fall if market rates change. So, for example, if the Federal Reserve adjusts its target interest rate, your ...
Ad
related to: 2009 money market ratesthepointsguy.com has been visited by 100K+ users in the past month