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Long-term mortgage rates rise slightly

Thu, 04/11/2010 - 23:36 by Prince damin

Washington -- Average interest rates for long-term mortgages rose slightly for the third consecutive week, the U.S. Federal Home Loan Mortgage Corp. said Thursday.

Average interest rates for fixed-rate 30-year contracts held under 5 percent for the 26th consecutive week, but rose from an average 4.23 percent to 4.24 percent in the week ending Nov. 4, Freddie Mac said.

But rates on fixed-rate 15-year contracts fell from 3.66 percent to 3.63 percent with 0.7 points.

Rates for 15-year fixed-rate mortgages a year ago stood at 4.4 percent. Rates for 30-year mortgages a year ago averaged 4.98 percent.

9 High Yield Dividend Stocks With Bullish Options Sentiment

Wed, 20/10/2010 - 11:55 by Eben Esterhuizen

You'd think that high-yield dividend stocks would do exactly what their name suggests -- net you a very tidy sum in your pocket each quarter. And often, they do. However, it's important to remember that dividend yield is a ratio, comparing dividend per share to stock price.

Planning to Reduce Your Debt? Get Practical

Sat, 02/10/2010 - 11:50 by Anonymous

If you are determined to reduce your debt and are serious about this, it pays to get practical. Look at your budget and figure out exactly how you can make the best use of your monthly income.

Mortgage rates hit record lows

Fri, 23/07/2010 - 01:33 by Pankaj Damin

Washington -- Average interest rates for 30-year and 15-year mortgages rolled down to record lows in the week, the U.S. Federal Home Loan Mortgage Corp. said Thursday.

Freddie Mac said interest rates for 30-year, fixed-rate contracts dropped from 4.57 percent with an average of 0.7 points, to 4.56 percent, a record low for the 39-year interest rate survey.

Average interest rates for 15-year, fixed-rate mortgages also hit a record, falling to 4.03 percent from last week's average of 4.06 percent. Points for 15-year mortgages also averaged 0.7 during the week.

Fed maintains low interest rates

Thu, 24/06/2010 - 11:01 by Pankaj Damin

Washington -- The U.S. Federal Reserve said Wednesday it would maintain its bank-to-bank interest rate at zero to 0.25 percent amid persistent signs of a lackluster economy.

In a reversal of recent central bank communiques, the Fed said financial conditions "have become less supportive of economic growth on balance, largely reflecting developments abroad," a reference to the debt crisis that has spread across Europe since March.

The Fed said "housing starts remain at a depressed level," although businesses have significantly increased investment in equipment and software.

Inflation remains muted while "household spending is increasing but remains constrained by high unemployment," the Fed said.

Credit card users get protection

Wed, 16/06/2010 - 14:33 by Jamie Anderson

Respite for credit card users who, for some reason, make a late payment! Such users will not have to pay late payment charges at the whims and fancies of a particular bank.

Interest rates to rise in US

Sun, 11/04/2010 - 14:40 by Jaspreet Virk

Americans have for long enjoyed the low interest rates. Now with the nation’s economy back on the road to recovery, consumers will be facing a financial burden of rising interest rates.