Retail Sales Weak In December; Home Affordability Gets A Boost
Consumers keep spending, the economy keeps growing. Mortgage rates are easing lower this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010. Excluding motor vehicles and auto parts, December’s sales receipts were $1.5 billion higher from November....Foreclosure Activity Falls For The Second Straight Month, Drops To 30-Month Low
According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings nationwide dropped for the second straight month in December. After falling 21 percent in November, filings were down by an additional 2 percent in December. “Foreclosure filing” is a catch-all term,...Comparing Mortgage Rates For Adjustable- And Fixed-Rate Mortgages
For some homeowners, electing to take an adjustable rate mortgage over a fixed rate one can be matter of budgeting. ARMs tend to carry lower mortgage rates and, therefore, lower monthly mortgage payment as compared to a comparable fixed rate loan. Relative to fixed rate mortgages, current ARM pricing is...How To Renegotiate Your Credit Card Interest Rates To Something Lower
Credit card debt, left unchecked, can pile up quickly. Especially for debtors making minimum payments. According to the Federal Reserve, a credit card balance of $5,000 at 23.99 percent APR won’t pay off for 16,127 years. That’s one reason why it’s important to manage your credit...What’s Ahead For Mortgage Rates This Week : January 10, 2011
Posted by yourmortgageplanner on Jan 10, 2011 in Featured Articles, Mortgage Rates, Weekly Review | 0 comments
Mortgage markets gained last week as a combination of safe-haven buying and an improving economic outlook attracted new buyers. Demand for mortgage-backed bonds outweighed supply and conforming and FHA mortgage rates edged lower.
Last week marked the second straight week that mortgage rates fell in and...
