Mortgage Rates: Fannie and Freddie Bond Yields Suggest Relief

June 30, 2009

Yield rates paid to holders of Fannie Mae and Freddie Mac 30 year fixed rate mortgage securities fell last week, which traditionally suggests that mortgage rates may do likewise. As mortgage rates remain near 5%, homebuyers and homeowners are still enjoying rates that are about one percent below last year’s home loan rates.
Low Mortgage Rates [...]

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Debt Consolidation Loan Or Zero Percent Credit Card?

June 29, 2009

Zero Percent Credit Card Basics
Not many people can believe that you can find credit card debt relief with yet another credit card. However, it’s not just any ordinary credit card–this type of credit is known as a zero percent credit card. The 0% interest rate essentially means that borrowers pay no interest on any of [...]

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Debt Consolidation: Can Balance Transfers Help?

June 22, 2009

Recent legislation designed to rein in arbitrary credit card fees and  methods of trapping consumers into paying additional fees won’t take effect until next February, so what can you do to control credit card debt in the meantime? If you have good credit, using credit card balance transfer offers may help you consolidate credit card debt. [...]

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Is It OK To Cancel My Credit Card Accounts With Zero Balances?

June 21, 2009

What? Say That Again–Credit Card Debt Is Good For My Credit History?
Yes, it’s true. Credit card debt can be good for your credit score. In fact, without credit cards and other types of “debt”, it can actually be more difficult to establish a solid credit history. The problem, however, occurs when borrowers dig themselves into [...]

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Mortgage Bond Yields Fall, Will Mortgage Rates be Next?

June 17, 2009

Bloomberg press reports that mortgage bond yield rates have fallen for five consecutive days, which could suggest that mortgage rates will follow suit. Homebuyers and homeowners seeking mortgage loans or refinancing have been nervous the past few weeks, as rates have increased from a record low of 4.78% on April 30 to a six month high [...]

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Which Credit Card Debts Should You Pay Off First–High Interest or Low Balance?

June 15, 2009

With multiple credit cards, things can get complicated when you’re trying to juggle all your debts at once. In general, the common advice is usually along the lines of systematically paying off each credit card account one by one. But which credit card should you start with first? The two most suggested routes of repayment [...]

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Freddie Mac Loosens Refinance Requirements

June 9, 2009

Freddie Mac has amended its refinance program to allow homeowners refinancing under its Relief Refinance Mortgage program to refinance with any mortgage lender affiliated with Freddie Mac. Previously, the refinance program required homeowners to refinance with the same mortgage lenders that originated their home loans. This development could bode well for anyone planning qualifying under the Relief Mortgage [...]

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Two Simple Ways Homeowners Can Approach Debt Consolidation Loans

June 8, 2009

One of the joys being a homeowner is the ability to leverage your home’s equity. Whether you need the funds for large medical expenses or home improvements, homeowner’s with enough equity can easily satisfy these needs. In the case of credit card debt and various personal loans, homeowners can approach debt consolidation with two basic [...]

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Will the Government Act Again to Keep Mortgage Rates Low?

June 3, 2009

The Obama administration faces a difficult choice regarding mortgages rates. If they stand pat, mortgage rates may keep climbing and forestall the housing recovery. If they buy more mortgage securities and Treasury securities to try and keep rates low, they face political questions about spending and deficits. So what’s the priority?
Low Mortgage Rates
Keeping mortgages rates low [...]

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Three Reasons Now Is the Best Time To Buy For First Time Home Buyers

June 1, 2009

1. Discount Homes Available Nationwide
Due to the rising number of foreclosures and short sales of homes nationwide, potential home buyers can look forward to discounts of at least 15 percent in most areas. In especially hard hit areas, reports show discounts as deep as 20 percent compared to prices just a few years ago. For [...]

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