Struggling with lots of credit card debt? You're not the only one. Millions of Americans are struggling with you. But don't fret. We have a few tips to help you become smarter about getting yourself out of the red.
Homeowners Continue to Refinance Out of ARMs
by Clayton Closson on January 4, 2006 in Mortgage Rates
There's virtually no difference between long-term rates and short-term rates. Homeowners are wisely refinancing out of their ARMs into fixed-rate mortgages and consolidating their holiday debt.
Homeowners Can Still Refinance at Low Rates
by Clayton Closson on December 29, 2005 in Mortgage Rates
Despite the fact that overall home sales were down slightly, home buyers still have an advantage with historically low long-term rates. Homeowners can also get low rates when looking to refinance.
What’s the Difference between Interest Rate & APR?
by Clayton Closson on December 23, 2005 in Mortgage Rates
Your mortgage includes two different rates: the interest rate and the annual percentage rate (APR). For first-time home buyers, this may be a bit confusing. How are those terms defined and should you know the difference?
Don't Use Your Credit Cards This Holiday Season
by Clayton Closson on November 23, 2005 in Mortgage Rates
It's that time of year again. Time to go around to the malls and buy gifts for your family and friends. That means you'll be adding to your pile of debts. But there's a simple solution: don't use your credit cards at all! There are other ways to buy those gifts.
Don’t Use Your Credit Cards This Holiday Season
by Clayton Closson on November 23, 2005 in Mortgage Rates
It's that time of year again. Time to go around to the malls and buy gifts for your family and friends. That means you'll be adding to your pile of debts. But there's a simple solution: don't use your credit cards at all! There are other ways to buy those gifts.
Get Rid of Your Adjustable Rate Now!
by Clayton Closson on November 4, 2005 in Mortgage Rates
The Fed raised short-term interest rates for the 12th time this month. They're expected to raise it twice more. Find out why now's the time to get rid of your adjustable rate mortgage and lock into a fixed rate.
As Short-Term Rates Climb, Some Refinance to Fixed-Rate Mortgages
by Clayton Closson on October 26, 2005 in Mortgage Rates
Purchases are still benefitting from strong job market; long-term rates still within 40-year lows. Short-term rates continue to rise causing some to look to fixed-rate mortgages.
The Fed’s Rate Hikes Encourage Applications for Fixed Rate Mortgages
by Clayton Closson on October 20, 2005 in Mortgage Rates
Home purchases and refinance applications rise from the previous week. But the Fed is expected to continue raising rates. What should you do if you have an adjustable rate mortgage?
Lenders Raise the Limit for Jumbo Loans
by Clayton Closson on October 14, 2005 in Mortgage Rates
Fannie Mae and Freddie Mac are expected to increase the loan limit for jumbo-sized loans. Some lenders are already allowing clients to borrow up to $400,000 with lower non-conforming interest rates. Could this mean big savings for you?
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