Many homeowners wake up in the morning to find themselves stuck with one or even two mortgages which they have difficulty managing. Experts advise these people to face reality and consider a short sale before things get worse and they face foreclosure.
A short sale is actually an option explored by most homeowners who do not [...]
With the many homeowners tied down by mortgage debt, it is not surprising that there exist several options which can work to effectively reduce mortgage debt. The most popular option today is mortgage debt re-financing. Unfortunately, this option only serve to make you manage your debt better but do not really help in reducing the [...]
Buying a home for the first time can be very exciting but most homeowners do not realize that purchasing a house under a mortgage plan will actually be more costly in the long term. Studies have indicated that if you purchase a home by availing of a mortgage loan, you end up paying for the [...]
For a regular, middle income family, tackling a huge amount in mortgage debt can be very difficult. The rising cost of living and sluggish real estate market conditions have resulted to nationwide increase in foreclosure rate in 2006. In addition to these already depressing circumstances, most of these homeowners are victims of predatory lending practices [...]
In the United States, owning a home is possible by taking out a mortgage loan. This loan is secured by the real estate property and gives the lender the right to re-possess in case the home owner defaults on the mortgage payment. The rising cost of living as well as personal circumstances could place you [...]
Experts would always tell homeowners that the way you can become mortgage debt-free is to channel all your available resources into paying your mortgage. If you look at how you budget your money, you would realize that your household expenses is a veritable source of extra money, without having to drastically change you and your [...]
Almost every American who is neck-deep in mortgage debt had considered refinancing their mortgages. Aside from providing you with the opportunity for debt consolidation, you could also lower your actual mortgage payments and effectively shorten your payment period.
There is a type of mortgage debt refinancing in which you will be taking out a new loan [...]
Ben Bernanke made his first cut as Fed Chairman cutting the Fed Rate by 50 basis points. This will put the Fed Rate at 4.75 and the Prime Rate at 7.75%. This is the first movement in over a year. It is the first doiwnward movement since 2004. Hoping to help stimulate [...]
Former Federal Reserve Chairman Alan Greenspan admits that he did not see the mortgage problem coming. In an interview to air this sunday on 60 minutes, Greenspan discusses his knowledge of the subprime lending practices but did not anticipate a problem in the future based upon the lose guidelines. “While I was aware a lot [...]
It is hard to believe that it has been six years since that horrible day in Americas History. Not since Dec 7th, 1941 had there been an attack on American soil. This time we were not even sure who the enemy was. Six years later the war on terrorism continues.
In the wake of the turmoil [...]
| 30 Year Fixed | 6.26% |
| 15 Year Fixed | 5.91% |
| 30 Year Jumbo | 6.12% |
| 5/1 ARM | 6.12% |
| 5/1 Jumbo ARM | 6.54% |
| $30K Home Equity | 8.29% |
| $50K Home Equity | 8.28% |
| $75K Home Equity | 8.22% |
| $30K HELOC | 7.87% |
| $50K HELOC | 7.67% |
| 1 Year CD | 4.81% |
| 6 Month CD | 4.57% |
| 5 Year IRA CD | 4.65% |
| 10K MMA | 3.98% |
| 25K MMA | 4.57% |
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