Archive for September 2011

Twist and Shout? Twist Again?

Everyone knows that the Federal Reserve is the nation’s central bank, and that The Fed sets monetary policy by adjusting the Federal Funds Rate. Lowering the rate (an “accommodative” policy) is supposed to stimulate the economy by making borrowing less expensive for the member banks. The Fed traditionally balances interest rates against the possibility of…

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Joseph M. Parsons NMLS #230285
Pinnacle Capital Mortgage,
a division of Finance of America, LLC

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