Personal Finance and Investing

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Today, Freddie Mac released the results of it’s Primary Mortgage Market Survey (PMMS), indicating that long- and short-term mortgage rates followed Treasury yields higher.

The average rate on 30-year fixed mortgages was 4.60 percent, up from last week’s 4.51 percent, and 15-year mortgages averaged 3.75 percent, up from last week’s 3.69 percent.  Adjustab

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Today’s Quarterly National Accounts confirmed that the preliminary estimate of 0.5% GDP growth in the first quarter of the year was correct. GDP is still 3.5% lower than it was at the start of the recession in the second quarter of 2008. Twelve quarters after the start of the 1980s recession, GDP was 1.0% higher; twelve quarters after the start of the 1990s recession, GDP was 1.3% higher.

Growth year-on-year is just 1.7% – this is a very feeble recovery.

Earlier today I mentioned that household incomes look weak; other items on the national menu dont look too hot either. New

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You want for your money to work for you and to grow, right? But taking risks makes you feel uneasy? So is there a way for you to invest more safely? Of course there is!

There is a rule that is associated with investing that is ancient, and yet remains unchanged. This rule has guided the strategies for investing for people since commerce began and since money was originally invented. This rule is simple: The bigger that the risk is, the bigger the return. You can easily invest in investments that are safe and secure, but you are not going to grow rich very quickly because your profits will be small and steady instead.

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