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Tag Archives: interest

Freddie Mac earns $5 billion in second quarter

WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wednesday compares with net income of $3 billion in the same period of 2012. Freddie says ...

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Fed plan good for borrowers, not retirees

WASHINGTON  — The Federal Reserve’s plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers. For retirees and others who need interest income? Not so great. Nor will low ...

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Cheating death by cloning

I got a pretty unusual press release in the old inbox the other day from a company calling itself “DNA Live Forever” that claims to have come up with a way to travel in time — by cloning yourself. In a ...

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Bernanke: Fed would supply more stimulus if needed

WASHINGTON — Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the economic lull persists. Delivering his twice-a-year economic report to Congress, Bernanke laid out three options the central bank would ...

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Robert Nusgart: Home prices, rates, loan limits moving lower

This week we learned that mortgage rates are moving lower, housing prices nationally are moving lower and FHA loan limits are gearing to move lower. So all mixed together, what does it mean as we head into summer? Obviously, low ...

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Gary S. Williams: Credit is a fact of life, but use it carefully

Credit was once defined as “man’s confidence in man.” But in fact, the definition of credit today is more like “man’s confidence in himself.” Using credit today means you have confidence in your future ability to pay that debt. Forty ...

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