One financial analyst finds no credibility in the accounting books of Bank of America.  Check out this news clip to learn why.

Currently, mortgage rates are slightly up this week, but are still standing around 4.5% for a 30-year fixed rate mortgage.  Obviously, not every bank is offering this type of rate and it is highly dependent on your credit history.  If you’re looking for the best rate around currently, however, you should be looking for 4.5-4.6%.

Since we’re still seeing historical lows with mortgage rates in the US.  Many people see this as a prime time to purchase a home, particularly if you are intending to stay in the property indefinitely.  It’s not just low mortgage rates, but also the prospect of significant inflation.  Of course, inflation decreases in real terms the amount you owe on your mortgage.

Here’s an interesting news piece about the potential to nationalize the banking industry.  This sounds like a scary proposition, but the idiots at the big banks dug such a deep hole for us that people are considering crazy things.

It seems that for balances up to $25,000, NUVO Bank is offering a savings account rate of 2 percent.  That’s a very impressive number, especially considering its better than most CDs.  The account, called a Savings Growth account also offers an attractive package including an ATM card with no ATM fees.  I am not sure how long this 2 percent will last and with a savings account of course are subject to change.  Nevertheless, with an initial deposit of only $10, this could be an attractive alternative to a CD or other option should you be looking for a new savings account or a way to earn a decent amount on your money.

Despite the private economy flailing, the government is growing at massive rates.  People are streaming into the Washington, DC area.  The question many are asking themselves is what is the best bank in DC.  Time and time again we come back to one small bank that offers the best mix of customer service and product offerings: Bank of Georgetown.  Bank of Georgetown is a small bank that has been lauded by both individual customers and small businesses.  In fact, while the big banks have tightened up their lending, Bank of Georgetown continues to lend driven by rational thinking, not fear.  If you’re moving to DC or thinking about starting a small business, look to this bank.