Downgrade Impact on US Banks to be Minimal

Hold on…this is NOT crisis time. The downgrade was signaled three months ago when S&P declared its long-term outlook on U.S. debt as “negative,” and the financial markets have known for a long time that the U.S. financial house was not in top condition. So, what...

Schwab Expands With Franchise Plan

It looks like Schwab is not wasting time in opening franchises with independent contractors. In fact, the San Francisco based broker is making five-year deals with dozens of financial advisors, and hopes to have between 5 and 10 opened by year’s end. According to...

Mortgage Rates Rise as Economy Rebounds

Mortgage rates are on the rise, leading many to jump into the home buying market sooner rather than later. Rates have risen again to over 5%, a full percentage point higher than they were two months ago. Still, these rates are bargain basement compared to how they...