"interest rates" tag

Interest rates and taxes expected to rise

As expected, the Federal Reserve (FED) raised rates last week. The federal funds rate is a rate at which banks lend overnight to each other.

Local and global insights

Here are some recent Greenwich statistics that caught my eye.

Federal Reserve’s new tactic

Last week Janet Yellen, chairman of the Federal Reserve (Fed), held a news conference after a two-day Federal Open Market Committee meeting.

Home prices and interest rates

According to RealtyTrac, the median price of residential properties that includes distressed and non-distressed sales was $191,000. This is not only a 3% increase in July from June and an increase of 12% from where it was last year, it’s the highest level for home prices since September 2008.

© Hersam Acorn. All rights reserved. The Greenwich Post, 10 Corbin Drive, Floor 3, Darien, CT 06820

Designed by WPSHOWER

Powered by WordPress