Paula Siemens

Bonds are rallying over concerns about the Greece crisis and what the overall effect will be in the other European countries. This is good news for the fixed term mortgages as it is creating a larger spread for our lenders and will help stabilize our mortgage rates which recently have increased due to the lack of stability over in Europe.

Whenever we see a spike in rates it typically means t ...

Computerized trades sent to electronic networks turned an orderly stock market decline into a rout, according to Larry Leibowitz, the chief operating officer of NYSE Euronext. Nasdaq OMX Group Inc. canceled trades in 286 securities that rose or fell 60 percent or more.

While the first half of the Dow Jones Industrial Average's 998.5-point intraday plunge probably reflected normal trading, th ...