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() - Wholesale inventories saw a modest increase in the month of June, according to a report released by the Commerce Department on Tuesday, with an increase in inventories of durable goods partly offset by a decrease in inventories of non-durable goods.

The report showed that wholesale inventories edged up by 0.1 percent in June following a 0.5 percent increase in May. Economists had been expecting wholesale inventories to show a more significant increase of about 0.4 percent.

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Brent Hunsberger, The Oregonian
Follow Share this story Story tools New research from investment-rating service Morningstar adds to the growing body of evidence that mutual fund expenses really, really help in predicting returns.

From Russel Kinnel, the publication’s director of mutual fund research:

If there’s anything in the whole world of mutual funds that you can take to the bank, it’s that expense ratios help you make a better decision. In every single time period and data point tested, low-cost funds beat high-cost funds. To see the results, click here.

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New report shows that Americans on average carry more student loan debt than credit card debt
Although credit cards have been in the news lately with regard to new legislation, charge off rates and delinquencies, a new report shows that student loans may be more of a financial threat. New data from the Federal Reserve Board reveals that the amount of student loan debt Americans carry is now higher than their credit card debt.

According to the report, Americans owe roughly $826.5 billion on revolving credit accounts – namely credit cards. Full Article…

The tax credit is gone, but there are still plenty of incentives available to help buyers interested in taking advantage of lower home prices and interest rates. Here a recap of several Metropolitan Atlanta, Georgia Programs to help both the GA first time home buyer as well as those relocating families moving up to their next property.

Buy a Bank-owned Residential Property

For a very limited time, qualified borrowers may be able to obtain an interest and monthly-payment free second mortgage of $14,000 to be used toward the down payment on the purchase of an inhabitable foreclosed Georgia residential property of their choice priced up to $417,000 including new construction.

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() - Consumer credit fell by much less than economists had expected in the month of June, according to a report released by the Federal Reserve on Friday, with an increase in non-revolving credit partly offsetting a decrease in revolving credit.

The Federal Reserve said that consumer credit fell by $1.3 billion in June following a revised $5.3 billion decrease in May. Economists had expected credit to decrease by about $5.7 billion compared to the $9.1 billion decline originally reported for the previous month.

Revolving credit, which largely reflects credit card debt, dropped by $4.5 billion in June after falling by $7.1 billion in the previous month.

On the other hand, non-revolving credit, such as car loans, increased by $3.2 billion in June following a revised $1.8 billion increase in May.

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