Now that CD rates are low there has been a lot of talk as to why. most people don’t realize that the banks have other sources of getting money other than them signing up for a new account. this comes in the form of borrowing from the government. The federal reserve has interest rates which are controlled based on the current economy.

It is also what causes inflation and other types of things that we generally don’t like. But things have changed with a down economy. This means that the feds hold off on upping he rates and instead let banks cash in on that fact to borrown money to invest.

So that is why bank cd rates are so low. The question is what can you do about it? The best CD rates will be with smaller banks, but the best thing to do is to look for other places to put your money. Gold is about the best place to invest in and has proved to be very solid when the economy was bad in the past. If you have any questions for us feel free to ask them and we will do our best to explain.

When I think about the perfect getaway I always find myself thinking about the Big Bear Lodge.  The first time that I went up there I was just in heaven.  It looked like something out of a picture.  The view was amazing and it makes you want to stop and take everything in so that you will never forget it.  I had the most wonderful time over there with my daughter.

The reason we even went up there was to celebrate her birthday.  I wanted to do something special for her since she deserves it more than anyone I know.

I never liked to borrow money.  Making mortgage payments is something I hate even more.  When it came down to borrowing money I was defiantly tempted.  I wondered how much can I borrow for a mortgage?  

Purchasing a new home has always been a dream of mine but I had one set back which is money. A rule I found out when borrowing money for a mortgage is that the house you buy should cost no more than three year’s salary.   Also when borrowing money for this purpose the amount shouldn’t be higher than 2 or 3 times of what you make.  My own personal rule is not to spend more than I make which is sometimes hard to follow. As long as you are able to pay back your loan all you have to do is enjoy your new home.