"The latest rates are in... (News Roundup)" by ben

Tue, 9 Aug 2005 16:29:00 MDT

Some recent bits of financial news that have been floating in:

U.S. consumer spending grew by 0.8% in June of 2005, while the nation’s savings rate feel to a paltry 0%. [via Marketwatch]
The Federal Reserve Bank raised the short-term interest rate by a 0.25% for the tenth consecutive month today. [via CNN/Money]
The Detroit Free Press rightly suggests that you should consider your current financial situation before shopping for a mortgage. They offer up some valuable tips to home shoppers.
And our local Denver Post reminds us that the zero percent savings rate is the worst since October 2001. In that month, the savings rate fell to below zero, minus 0.2 perecent to be exact—a record low.

Colorado Mortgage Information comments on The latest rates are in... (News Roundup)