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Interest Rates on Short-Terms Bills Fall
Interest rates on short-term Treasury bills fell in Monday's auction, with rates on six-month bills falling to the lowest level in more than two years. The Treasury Department auctioned $20 billion in three-month bills at a discount rate of 3.390 percent, down from 3.430 percent last week. Another $19 billion in six-month bills was auctioned at a discount rate of 3.460 percent, down from 3.625 percent last week. The three-month rate was the lowest since these bills averaged 2.850 percent on Aug. 20. The six-month rate was the lowest since these bills averaged 3.420 percent on July 18, 2005. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,915.25 while a six-month bill sold for $9,826.04. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, fell to 3.58 percent last week from 3.72 percent the previous week.read more
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WhiteFence Unveils Home Services Widget for Realtors
Houston-based WhiteFence, a comparison-shopping Web site for residential utilities and other services, announced Monday that it is providing realtors with a condensed version of WhiteFence.com. Called the Home Services Widget, WhiteFence explained that the new offering enables real estate Web sites to better cater to their clients during the relocation process. WhiteFence said the Home Services Widget is available for download at its web site. Once added to a Web site, WhiteFence noted, the widget will allow users to browse and compare landline telephone, electricity, cable, high-speed Internet and other services. WhiteFence is a privately held company backed by Adams Street Partners and the Internet Capital Group.read more
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Academic Financial Solutions Announces New Private Education Loans and Private Student Loan Consolidation Products
Academic Financial Solutions, a leading student loan consolidation company based in Tampa, Florida, is now offering private loans and private consolidation loans, staying ahead of the curve in the ever-changing student loan industry. News Image “Based on a huge demand for these private loan products as well as the dramatic changes in federal student loan consolidation industry, augmenting our product line makes a lot of sense.” said Michael Babb, President of Academic Financial Solutions, LLC. “Many students exhaust their federal assistance before completing their education. This gives them the alternative they need to achieve or exceed their educational goals, not only with an undergraduate degree but also presenting the availability of a Master’s or Doctorate’s degree as well.” Private education loans are one of the most affordable and fastest growing ways to pay for college. These loans are designed to fit the student’s specific education needs and can be used for tuition and fees, room and board, books and supplies, and other education related expenses. This financial assistance is critical when federal loans, grants and scholarships do not cover the entire cost of higher education. Call 1-866-697-3890 for more information on private education loans.For more information, visit www.prweb.com
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