IRS Announces 2009 Mileage Rates
The Internal Revenue Service announced the 2009 optional standard mileage rates for 2009, which are used to calculate deductible costs on taxes. The rates can be used when operating a vehicle for business, charitable, medical or moving purposes.
The 2009 rates, which go into effect on Jan. 1, are…
Both the Mortgage Bankers Association (MBA) and Freddie Mac issued news that mortgage loan interest rates have gone up.
For the week ending Oct. 10, the average rate for a 30-year fixed rate loan rose to 6.47 percent from 5.99 percent the previous week. Points ranged 1.14 to 1.09, according to MBA…
Stock Markets Vacillate, Credit Markets Remain Stuck
The Dow Jones Industrial Average dropped again this morning. It was down another 200 points just before 9am Central time. It briefly rose and then began to fall again.
Peter Costa, a long time trader and CNBC analyst, said this morning that the recession is being priced into the stock market. He…
Hank Paulson's Statement Today on the Credit Crisis
This is unfiltered Paulson October 8, 2008
Statement by Secretary Henry M. Paulson, Jr. on Financial Markets Update
Washington, DC-- Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury…
What Would You Do With $800 Billion?
On the Bailout special this Sunday, I talked about how I'd spend maybe $250 billion on buying out troubled mortgages, but that I'd spend maybe $500 billion on a massive infrastructure program.
Building and rebuilding roads, schools, bridges (not including the "bridge to nowhere") would put people to…
Our first call today was from Howard. He's 75 and his wife is 65. Their house (he said) is worth about $170,000. He has a $20,000 mortgage and they are on a fixed income. They're wondering if a reverse mortgage is right for them. He went and talked to a lender who quoted them 10 percent in closing…
Renters Renting In A Foreclosed Home
If you're a tenant in a property that is foreclosed on, what are your rights? I recently answered this question from a reader, and it appears that the answer is different across the country.
I received this email from a reader in Michigan today:
"Cynthia writes: I recently read one of your responses…
We'll start to post these as we see them, courtesy of the Stanford Securities Class Action Clearinghouse securities.stanford.edu/ DIGITAL LAW PROJECT Stanford University Law School.
7.- BankUnited Financial Corporation Ticker Symbol: BKUNAMarket: NASDAQ Class Period: 4/18/2008 - 6/18/2008 Court: S.D…
Today On The Clark Howard Show September 9, 2008
Today on the Clark Howard Show, we'll take a look at Day 2 of the Fannie Mae/Freddie Mac takeover. Mortgage interest rates dropped dramatically yesterday, falling a third of a percentage point, to 6.2 percent.
Should you refinance? We'll look at the refinancing question on today's show.
also, the…
College Credit Card Use Can Have Long Term Impact
Credit card debt can pile up fast, especially when you're in college. A new poll says that nearly one quarter of college students graduate with more than $5,000 in credit card debt. One in 10 of those surveyed said they owed more than $10,000. Some students sign up for credit cards on campus, when…
