Confused about the theory of how interest rates can affect economic growth? Senior Editor Paddy Hirsch is here with a handy analogy.
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Many people think they know what interest rates are. We here the Federal Reserve use the term all the time, but what are interest rates really? In this Word of the Day, we break it down for our audience. You can watch the full show “Capital Account with Lauren Lyster” at www.youtube.com Follow Lauren on Twitter : twitter.com

Question by Serendipity: interest rates?
are interest rates going up or down in texas? is it a good time to buy?

Best answer:

Answer by loudmouthdee
interest rates are going up!

It was good time to buy yesterday lol.

However since the fed chose not to raise rates again I think now is as good a time as any, average mortgage rate is around 6.5%

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Question by Denis B: Foreclosure?
If you’ve lost your home to foreclosure, is there any tax breaks for the equity lost ? Say your home was worth 225,000 and you owed 190,000 and it was foreclosed on. Can you claim the 35,000 as a loss on your taxes ?

Best answer:

Answer by sdn90036
No, as far as I know there are no tax breaks for any losses you incur as a result of a foreclosure.

Good luck.

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Realtors CALL To Rent This Space 508 213 4913 Walpole Real Estate, When buying a new home in Walpole RI chances are very good that you are going to choose a realtor to help you with your home buying needs. With many realtors out there, finding one you can trust may seem to be a daunting…
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Question by Rich A: Interest rates?
Im in the processes of buying a new vehicle ( i had to order it and it hasn’t arrived yet ) and im wondering what the interest rates are going to be on a ,500 loan? My credit is really good, my credit score is like 761.

Best answer:

Answer by SexyTrojan
Anywhere from 4% – 25%.

Why ask here and not the bank that is financing the vehicle?!

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Question by kinduvabrat: What is signing a contract with a realtor about?
I am looking to buy a home (my first). My sister just said something about “signing a contract with the realtor” however the realtor I’ve been in communication with hasn’t brought that up. Does one always sign a contract with a realtor? What does it cover? For whose benefit is this, mine or the realtor’s? Is this common practice?

I’d like to get some background information on it before discussing it with my realtor, if I can ascertain that this is a valid, common practice,

Why would he not have mentioned this contract to me before?

Best answer:

Answer by Wango138
As a buyer, you may not even be asked to sign a contract, as you will not be the person paying the realtor in the first place. I can see no reason to sign an agreement with a buyers agent, unless you are demanding some specific performance (like getting them to waive their commission for a flat fee or something similar like that).

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