WealthWithMortgage.com

Adjustable or Fixed Rate Mortgages, Which Is Better?

January 13, 2011

Currently, relative to fixed rate mortgages, ARM pricing is excellent. Freddie Mac’s weekly Primary Mortgage Market Survey puts the 5-year ARM mortgage rate lower than the 30-year fixed rate mortgage rate by 1.02 percent.

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Foreclosure Activity Drops the Lowest Levels Since June 2008

January 13, 2011

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.

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Consumer Spending Has a Direct Impact on Mortgage Rates

January 13, 2011

Mortgage rates are easing lower this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.

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Jobs Will Remain in the Spotlight This Week

January 11, 2011

Sometimes Rates Move Based on What *Might* Happen This week, with no new data due for release, look for last week’s two biggest stories — jobs and debt — to carry forward. The first such “story” relates to jobs. Friday, the Bureau of Labor Statistics released its monthly Non-Farm Payrolls report. Consensus estimates were for 150,000 net […]

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How To Renegotiate Your Credit Card Interest Rates

January 11, 2011

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 card rates, and renegotiate them whenever possible. Here’s how to do that.

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Last Week Marked 2nd Straight for Lower Mortgage Rates

January 10, 2011

Mortgage markets gained last week. Demand for mortgage-backed bonds outweighed supply and conforming and FHA mortgage rates edged lower.

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Predictions For Mortgage Rates in 2011

December 29, 2010

With 2010 coming to a close, the “experts” are out in full force, making predictions for next year’s housing and mortgage markets on business television and in the papers.

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