Archive for July, 2013

Is the run of low interest rates finally over?

If you define “low” as remaining under 4% then the answer to this question for you is “yes”.  Many Americans were shocked to find out as they returned home from their early summer vacations that interest rates had jumped up last month.  We have become so accustomed to ridiculously low rates that everyone just assumed they would come back down even though most experts had been predicting higher rates at some point this year.  The first few days of this ...

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