Instagram now has 200,000 advertisers

Facebook’s Instagram app just hit a major milestone: It now has more than 200,000 monthly active advertisers, paying to reach its 400-million-plus active users. That 200,000 number is up from just “hundreds” of advertisers in June. The company, which opened its self-service ad platform in September, said 75 percent of its advertisers are outside the … Read more

Mortgage rates could cross a record low

Who knew? The Federal Reserve raised its funds rate barely two months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free fall, reacting to financial markets overseas rather than monetary policy here at home. “Mortgage … Read more