“The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 3 basis points to 5.13 percent in February. The average interest rate on 15-year, fixed-rate loans of $417,000 increased 11 basis points to 4.65 percent in February.”
Archive for March, 2010
“The US is an accounting mirage. The notion that it will make money from its stake in Citi is a sleight of hand. The enormous subsidies to the banks both in terms of direct payments, indirect payments through entities like AIG, and subsidies such as the erosion of the currency and the deterioration of the real economy, will never be repaid.”
“Case-Shiller and the same house price indices are missing an important piece of the puzzle. They are looking at the homes that are selling, not considering the effect of those homes that are not. “
“The Association of Mortgage Investors, which represents institutional investors and asset managers that hold mortgage securities, has thrown its support behind the program announced by the Obama administration to provide a path for reduced principal through a refinancing program for homeowners who are underwater on their mortgage.”
Banks Could Be Big Winners of Foreclosure Prevention Program
In a statement this weekend, economist Dean Baker said the plan was well-intentioned, but the winners are likely once again to be the banks. So, if we have a homeowner who’s underwater, their house price is going to fall further, we get the federal government to [...]
A short and sweet guide to short sales
With all the fancified, high-tech “gadgetological” stuff occupying our mental radar screens, sometimes the value of simplicity gets forgotten. In “How to Use a Short Sale to Stop Home Foreclosure and Protect
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Real Estate Blog – WELCOME TO THE WEB!
The best part of my job is the launching of a new website. For March 2010, I’m delighted to announce three new JDE sites on the web. www.ShortSaleArizonaREALTORS.com provides a wealth of short sale information and resources for homeowners in the Phoenix Metro area. Home of the KC [...]
Persuasive Sentences to Make Sales
Persuasive writing is an essential part of making money online. Without copywriting principles, you’ll be unable to convert website visitors into customers. Long form sales letters are very effective, but what if you just want to convince your visitors to do something in a short amount of time?
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People that are just beginning to build a credit history come in different stages of life and having little or no credit history isn’t just something that is applied to young men and women. Buying on and paying off credit, paying off loans and other forms of debt payment all reflect well on your credit history, which brings about high credit score.
However, bad credit often follows people around throughout life and while there are ways to repair bad credit, getting off on the right financial foot is going to be key to not only avoiding bad credit, but maintaining habits that are conducive to good credit.
Buying on credit can be the beginning of trouble for many, but it is vital to building a good credit history. However, one good rule to buying on credit is to have the cash for the purchase on hand. This is counter to the whole point of buying on credit in many people’s minds, but credit card companies hope you don’t have the money to pay off your balance so that interest charges will pile up and they make more money.
While there are emergencies that require the use of a credit card at times, if you are looking to buy something particular and not necessarily vital, make sure you have the money on hand or in a savings account, ready to go when your credit card bill comes due.
By practicing small, common sense actions with credit cards, you will not only be able to build a good credit history, but also avoid a bad credit score.