California Home Loan 360

When you're quoted a higher interest rate than you deserve because of erroneous information in your credit file, wouldn't you like someone to red flag it for you? That's an especially pertinent question in today's mortgage market as lenders ratchet up their credit score minimums

The U.S. Treasury was expected to cut the fixed interest rate on inflation-indexed savings bonds Thursday. And cut it did -- all the way to zero.

The Federal Reserve reinforced its message Tuesday that there will be no financial meltdown on its watch, slashing its key interest rate and cheering spooked investors. [Related story: How long will markets soar? Kathleen Pender.] Chairman Ben Bernanke and...

The Fed's intent is to coax money from low-yielding accounts back into stocks. With its latest steep interest rate cut, the nation's central bank is trying again to prod skittish investors and lenders out of their protective crouch.

The Federal Reserve is expected to reduce its target for a key interest rate today, hoping to stave off further economic woes.

To understand how the collapse of the nation's real estate market is hitting borrowers of all kinds, consider Carson Moore. He always pays more than the minimum due on his credit cards, and does it on time, every time. But in January, Bank of America told him it was nearly tripling his interest rate, to 22%.

The Dow climbs 176 points as investors shrug off declines in overseas markets and a gloomy report on new-home sales. U.S. stock prices rallied Monday, despite a dismal report on new-home sales and sharp declines overnight in overseas markets, as investors counted on another big interest rate cut by the Federal Reserve this week.

Most foreign stock indexes also fare poorly as concern over the course of the U.S. economy spreads. Wall Street's gloom over the economy thickened on Tuesday, and not even rumors of an emergency interest rate cut by the Federal Reserve were enough to stem the selling.

WASHINGTON - It may be the only test you flunk if you score too high: It's called the "FICO Test" and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for "fast track" interest rate freezes on their subprime mortgages, and those who don't.

It may be the only test you flunk if you score too high: It's called the "Fico test" and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for "fast track" interest-rate freezes on their subprime mortgages, and those who don't.