Daily Archives: May 7, 2009
Treasury Secretary Geithner’s Statement On Bank Stress Test Results
Statement from U.S. Treasury Secretary Timothy Geithner:
This afternoon, the Federal Reserve and the national banking agencies released the results o…
Mortgage Interest Rates Rise Slightly, Reports Freddie Mac
Mortgage rates rose slightly during the week ending May 7, Freddie Mac announced today.
30-year fixed rate mortgages averaged 4.84 percent with 0.7 p…
Make Rental Property Lucrative and Tax-Efficient
When you own a primary residence and turn it into a rental property you will be unable to take the same tax deductions as you would if it were a primary residence. If you later decide to change the property ownership from yourself to an LLC – a limited liability company – that will also affect your taxes, on both a federal and local level. How can you make a rental property be a lucrative investment and also bring you tax benefits? How can you protect yourself from liability if someone gets hurt on the property while you have it rented to a tenant? Learn what to consider when running and structuring a rental property investment.
First Time Unemployment Claims Decline During Week Ending May 2
The Labor Department released unemployment data today.
For the week ending May 2 – 34,000 fewer people filed first time unemployment insurance claims…
Manufacturing Declines In March
New orders, shipments, unfulfilled orders and inventories all declined in March, the Census Bureau reported today.
Here are the numbers:
* New order…
