Investing

If you are looking to compare mortgage interest rates today then you are going to find that March 16th loan rates are mixed.  At the present time the 30 year fixed mortgage rate is down slightly to 4.77% while the 15 year fixed mortgage rate is up to 4.23%.  For much of 2010 we have been very close to these levels.


Before making the assumption that you will qualify for a mortgage rate in this area please understand that your credit score will go a long way in determining your mortgage interest rate.  If you have a credit score that is well below 740 then you are going to find it very difficult to get a rate in this range.

The best thing you can do to lower your overall mortgage interest rate is to improve your credit score to the best of your ability.  To do this you will need to make sure all your bills are paid on time and in full.  If you miss a bill payment you are greatly hurting your credit score and your chances of getting a low mortgage rate in the future.

By being diligent and paying your bills on time you are going to notice that your credit score starts to move higher.  Unfortunately it can take several months and possibly even several years to increase your credit score but it is well worth it in the long run.

Author: Alan Lake

The Obama credit card debt relief plan was created to help credit cardholders better understand their options when it comes to getting out of debt.  There is a great amount of valuable information on the FTC website at FTC.gov.  It would be wise to access this website to better educate yourself on the current issues involving consumer debt.


The Credit CARD Act was signed in February 2010 and this Act is expected to greatly help consumers better understand their credit card statements.  It will now be the case that credit card companies will inform you how long it will take to pay your credit card off if you make the same payment each and every month.

You will also find that the Credit CARD Act will force companies to give you a 45 day notice as to when your credit card interest rate is going to increase.  Hopefully this will help credit card users to acknowledge that their interest rate is going up and they can adjust their spending habits.  In the long run, hopefully this will cause them to pay the credit card off.

President Obama and his staff have worked very hard in an attempt to educate Americans about credit card debt.  The Credit CARD Act is just another step in the process of helping Americans get out of debt and live a life with financial freedom.

Author: Jeremy North

Today’s lowest FHA mortgage rates are around 4.75% for the 30 year fixed mortgage. If you are looking to find attractive interest rates in your area there are many opportunities to do this online. With the advancement of the Internet it is much easier to do personal finance research online than it has ever been.


Before deciding that an FHA mortgage is correct for you it is extremely important to understand that there are insurance obligations with an FHA mortgage. It is sometimes worth it to get a conventional mortgage because you can avoid these insurance requirements.

Even if you get a slightly higher interest rate on a conventional mortgage you could end up spending much less on your monthly mortgage payments. It is important to sit down with a calculator and pencil and paper and decide what type of mortgage is right for you.

In the long run, you will want to save as much money as possible rather than throwing money down the drain. If you can afford to put a larger down payment on your home that it might be worth it to get a conventional mortgage rate so you avoid insurance obligations.

Author: Mike Garner

If you desire to borrow cash in 24 hours or less you may want to consider doing research on a low income unsecured personal loan. These loans will allow those who are in a lower income tax bracket to borrow money. Please understand that the interest rate that you get on this loan will be greatly dependent on your credit score.


There are many banks and financial institutions throughout the country that will be more than happy to offer a personal loan to borrowers. At the present time the average interest rate for a personal loan is between 12% and 18%. It is important to know that this interest rate is for those who have decent credit.

If you have a very bad credit score, with a score lower than 650, you are going to find it very difficult to get an interest rate in this range. Do not be surprised to find an interest rate above 20% if you have a credit score that is very low. Having a low credit score and a low income could mean great problems when it comes to borrowing money.

To improve your financial leverage you will need to do everything you can to improve your credit score. By having a higher credit score you will be able to borrow money at a much better interest rate which could save you a significant amount of money in the future.

Author: Mike Garner

Wells Fargo refinance mortgage rates have been at or below 5.5% for over 16 months. With this being the case there are many current homeowners who have had the opportunity to refinance and save a significant amount on their monthly mortgage payment. Today, March 16, we are seeing home loan rates mixed.


The average for the 30 year fixed mortgage rate is down to 4.79% while the average for the 15 year fixed mortgage rate is up to 4.23%. It is important to note that we have been around this level for quite some time but analysts are predicting that mortgage rates could move higher.

At the end of the month the Federal Reserve Bank plans to stop purchasing mortgage-backed securities which is likely to push mortgage rates higher. Some analysts have predicted that mortgage rates could move up to as high as 8% in 2010. This is a very extreme prediction but there are good possibilities that mortgage interest rates will move higher.

Wells Fargo and all mortgage lenders have greatly benefited from the low mortgage rate environment we are currently in. They have been able to get new customers by offering lower overall interest rates which in turn allows homeowners to have a lower monthly mortgage payment.

Author: Alan Lake