MoneyCafe.com

The Federal Reserve’s rate setting group, the Federal Open Market Committe (FOMC), finalizes its regularly scheduled meeting today.  They are expected to hold rates steady.  There is virtually no room to move rates to the downside.  On the flip side, they have no motivation at this time to raise rates since the economy continues to shrink.

See:
http://www.moneycafe.com/library/fedfundsrate.htm
http://www.moneycafe.com/library/primerate.htm

Freddie Mac will publish their Weekly Primary Mortgage Market Survey later today.   Their survey shows a slight dip in mortgage rates over last week to an average 30 year fixed rate home loan priced at 4.82%.  This is down from last week’s rate of 4.87% and just above the survey’s all time low a few weeks ago of 4.78%.

It looks like mortgage rates have found a short term range near the all time bottom. 

See:
http://www.moneycafe.com/library/mortgagerates.htm

Freddie Mac will publish their Weekly Primary Mortgage Market Survey later today.   Their survey shows a rise in mortgage rates over last week to an average 30 year fixed rate home loan priced at 4.87%.  This is up from the survey’s all time low last week of 4.78%.

For those of you who follow our Monday Money rate surveys,  this uptick was clearly evident a few days ago. 

See:
http://www.moneycafe.com/library/mortgagerates.htm
http://moneycafe.com/blog/?s=monday+money

Kiplinger.com has a brief article showing real examples of how three different families made financial changes to save real and significant money.  There are so many ways to save significant amounts of money by just making simple changes.  It’s just a matter of everybody sharing ideas and examples of what works for them.

As we previously wrote about here and here, saving money is like giving yourself a raise.   We have also noted how a penny saved is much more than a penny earned, because we pay for things with after tax dollars.   

Most people don’t think it can be that easy to give yourself a raise during this recession, but it really is.  We encourage you to share your money-saving ideas with the community by making a comment below.  Anonymity is okay.

See:
http://finance.yahoo.com/banking-budgeting/article/106839/Save-50-a-Day-How-Three-Super-Savers-Do-It
http://moneycafe.com/blog/2009/01/save-an-extra-500-this-year/
http://moneycafe.com/blog/2009/01/save-an-extra-extra-500/

Freddie Mac published their Weekly Primary Mortgage Market Survey today.   The survey shows mortgage rates dropped again over this last week with an average 30 year fixed rate home loan priced at 4.78%.  This is the second week in a row with the lowest rate in the nearly 40 year history of the Freddie Mac survey.

See:
http://www.moneycafe.com/library/mortgagerates.htm

Freddie Mac published their Weekly Primary Mortgage Market Survey today.   The survey shows mortgage rates dropped again over this last week with an average 30 year fixed rate home loan priced at 4.85%.  This is the lowest rate in the nearly 40 year history of the Freddie Mac survey.

See:
http://www.moneycafe.com/library/mortgagerates.htm