Jan. 6 (Bloomberg) -- Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending.
Danville officials gave first reading to an ordinance Monday allowing the city to borrow half a million dollars from U.S. Bank. The $500,000 loan is borrowed against $500,000 in state money the city is expecting for water and sewer projects.
It's a good time for those planning to avail of a home loan. Home loan rates have come down and new slabs have been introduced to make it easier for people to buy the house of their dreams.