Markets

The housing-backed investment vehicles that fuelled the financial crisis are enjoying their best stretch in years

Mortgage-backed securities hit a three-month winning streak after outperforming US Treasuries through November,Bloomberg reported Monday. The surge was primarily driven by lower refinance rates and a drop in volatility for mortgage-backed assets. When more borrowers refinance loans with lower interest rates, the securities lose their appeal against Treasury bonds. The […]
The housing-backed investment vehicles that fuelled the financial crisis are enjoying their best stretch in years
Markets

4 things to do with your money now, while interest rates are low

The Federal Reserve slashed interest rates yet again on October 30, marking the third rate cut since late July. To take advantage of the low Fed funds rate, now is a good time to consider consolidating credit-card debt and refinancing student loans. Despite lower interest rates on savings accounts, it’s […]
4 things to do with your money now, while interest rates are low