Toll Brothers (TOL) announced today that they are offering 3.99% fixed mortgage rates for 30 year mortgages for homebuyers that meet certain provisions. A 3.99% interest rate is the lowest I’ve come across, as national mortgage rates briefly dipped below 5.0% last week, before dipping up again this week. Rates are widely anticipated to continue lower given the [...]
Read the full article →
In a shameful show of disregard for the intended purpose of the funds that states received from the big tobacco settlement, the Government Accountability Office released statistics showing that the states have spent most of the settlement money on things other than antismoking efforts. Through the end of fiscal year 2005, here’s a snapshot of the [...]
Read the full article →
Is Now a Good Time to Start Investing in Stocks?
This is the proverbial question for which there is no simple answer. Much depends on a prospective investor’s risk tolerance, investment horizon and personal financial situation. However, given the current economic malaise, investors have been holding much cash on the sidelines. Often times, when market capitulation occurs and both retail and institutional investors throw in [...]