Tag Archive | "interest"
Mortgage Rates Inch Lower
The average conforming 30-year fixed mortgage rate fell for the fourth consecutive week, settling at 5.13 percent according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.49 discount and origination points. The average 15-year fixed mortgage dropped to 4.54 percent but the larger jumbo 30-year fixed rate moved higher to [...]
Continue reading...Mortgage Rates Down for a Third Straight Week
Friday, January 22, 2010
The average conforming 30-year fixed mortgage fell again this week, to 5.15 percent according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points. The average 15-year fixed mortgage dropped to 4.56 percent while the larger jumbo 30-year fixed rate retreated to 5.93 percent. Adjustable rate mortgages [...]
Continue reading...Mortgage Rates Rise for the Fourth Consecutive Week
Friday, December 25, 2009
The average conforming 30-year fixed mortgage increased this week to 5.24 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points. The average 15-year fixed mortgage moved higher, to 4.62 percent while the larger jumbo 30-year fixed rate inched upward to 6.16 percent. Adjustable rate [...]
Continue reading...Debt Repayment Plan Interest Rates Drop
Monday, November 9, 2009
With millions of Americans struggling to repay their credit card debt, it may be a good time to consider a debt management plan (DMP) offered by many nonprofit credit counseling agencies. That’s because people with large balances and high interest rates who enroll in a DMP are receiving favorable repayment terms from a variety of [...]
Continue reading...The Right Way To Budget
Friday, August 21, 2009
Does money pass through your hands easily? Do you find yourself scrimping and living on a few amount of money a week before payday? If the answer is “yes”, do not despair. Help is at hand. To make your budget a success, know where you stand. Get an accurate picture of your existing finance before you [...]
Continue reading...Debts: Wipe Them Out or Simply Manage Them
Thursday, August 20, 2009
When debt gets out of hand, it becomes a major source of stress. But with patience and these strategies, you can be debt-free in no time. * Know how much debt you have. List down all your debts and make a repayment plan. Finish paying the debt with the highest interest rate and so on. A debt [...]
Continue reading...Watch Out For The Prepayment Penalty
Wednesday, August 19, 2009
What is a prepayment penalty and why is it incurred? A mortgage prepayment penalty is the means by which a lender can charge more interest when a mortgage is paid during the penalty period. The idea seems ludicrous, but the reason why lenders impose prepayment penalties is because if a homeowner pays off a mortgage in [...]
Continue reading...Credit Card Types
Monday, August 17, 2009
Along with the traditional credit cards, there are other types of credit cards that are widely used. Here are some of the more popular ones. Reward Programs - There are some credit card companies that offer rewards as an incentive to use their card. For example, every purchase made with Amazon.com yields points. When you reach [...]
Continue reading...Five Great Reasons To Refinance Before It Is Too Late
Monday, August 17, 2009
The Federal Reserve has lowered its interest rates several times during this current economic crisis. As a result, mortgage interest rates have begun to fall and hundreds of thousands of homeowners have sought refinancing for a variety of reasons. Besides being afforded the opportunity to save money (which is critical during this recession), here are five [...]
Continue reading...Which Savings Account Is the Right One for Me?
Monday, August 3, 2009
There are several types of savings accounts that anyone can open at their local bank. Let’s take a look at four of them. 1. The first is a regular passbook savings account. The bank may require an initial deposit in order to open the account. However, you can deposit and withdraw money at any time, as [...]
Continue reading...When Is It a Good Time to Refinance?
Wednesday, July 29, 2009
Generally speaking, it may be a good time to consider refinancing your home when you can obtain an interest rate that is at least 2% lower than your current mortgage interest rate. However, there are other considerations that come into play. With the current economic recession brought about by the sub-prime mortgage crisis, home values have [...]
Continue reading...Never Borrow More Than You Need
Tuesday, July 21, 2009
When a student decides to apply for a subsidized loan for financial aid, usually the college will award the cost of attendance and/or a fixed amount. For example, an undergraduate may receive up to $4000 per year (maximum total $20,000), while a graduate may receive up to $6000 per year (maximum total $40,000). There are conditions, [...]
Continue reading...How To Manage Your Taxes
Monday, July 20, 2009
Properly managing your taxes can greatly reduce the amount of money you pay both now and in the future. Here are helpful tips for you. Know when to file your taxes. If you expect a refund, file your taxes as early as you can. If you owe money, file as close to the due date as [...]
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Monday, February 1, 2010
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