Financial meltdown: rates then and now

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Financial meltdown: then and now

Mortgage rates have been low since the Federal Reserve cut the federal funds rate to near zero. Is it time to refinance or buy a first home?


While yields on CDs have declined, many fled to the safety of an investment with a guaranteed return. Learn how to take advantage of CD investing.

Money market accounts:

Like CDs, money market rates have declined. Still for emergency savings, a money market account is a good vehicle. See where to start.

Consumer debt difference (revolving):

When the financial crisis hit, Americans changed their debt habits. Jump on the debt pay-down bandwagon using these resources.

Then: 9/2008


Now: 9/2009


Personal savings rate:

As Americans paid down their debt, they began saving more, despite low yields. Where is the best place to save?

Unemployment rate:

Lost your job or fear that you will? Take action with these tips.

Bank failures:

Bank failures became a weekly occurrence in 2009. What should you know about your bank?

How safe is your bank? Check Bankrate’s Safe & Sound ratings
Then: 2008
As of: 9/2009
Personal bankruptcies:

Plummeting house prices, overextended borrowers and the decline in the stock market combined to send many consumers into bankruptcy. Here’s help.

Back to: Financial meltdown: What now?