Archive for February, 2010

The government credit card debt relief program is designed to help many hard working Americans to get out of debt.  President Obama recently signed the Credit CARD Act into law which will greatly help cardholders to better understand how to get out of debt quicker.  Many Americans are drowning in credit card debt and they have no way of getting out without some help.


President Obama and his staff continue to realize that Americans need help when trying to decipher their credit card bills.  You can expect your credit card bill to look much different in the future as credit card companies are forced to illustrate how long it will take you to pay off your bill if you make the minimum monthly payments.

Something else that your credit card bills will show is how much you need to pay each month to help you pay the credit card off.  While this is not exactly a government credit card debt relief plan it is a way for the government to jump in and try to help you as much as possible.  President Obama cannot force you to look at your credit card statements but he is trying to do his best to help Americans get out of debt as quickly and easily as possible.

Author: Jeremy North

Today’s lowest mortgage interest rates are slowly working their way towards 2010 lows.  Many Americans will be looking to lock in to low rates beginning in March.  As March starts we are likely to see the 30 year fixed mortgage rate around 4.75% and heading lower.  Last week we saw the 10 year treasury rate yield low which in turn pushed the 30 year fixed mortgage rate below the 4.8% range.


There are many mortgage lenders that continue to market low mortgage rates as we are about to enter the third month of the year.  For the first two months of the year we have seen the 30 year fixed mortgage rate stay in a tight range between 4.7% and 5%.  It will be very interesting to see what happens if either side of this range is broken.  Many analysts continue to predict higher mortgage rates in the fall of 2010 but this has yet to happen.

The months of March and April are going to be very interesting when it comes to mortgage interest rates.  The Federal Reserve Bank is going to stop purchasing mortgage backed securities (end of March) and we are going to see the expiration of the first time home buyer tax credit on April 30th, 2010.  What this will do to today’s lowest mortgage interest rates is anyones guess.

Author: Alan Lake

Wells Fargo refinance mortgage rates have been very low for the entire year of 2010 and it looks as if interest rates will remain low in March. The 10 year treasury rate yield has broken below its 50 day moving average which has pushed conventional 30 year fixed mortgage rates to 4.75%.


Wells Fargo and most mortgage lenders will be willing to work very hard for your business. Make sure to take advantage of this as this is a very competitive industry. You should be able to get a general mortgage rate quote from many mortgage lenders. While getting this quote you should be able to determine the customer service you will receive.

Please understand that you can walk away from a mortgage lender at any time. Do not feel that you are locked in to a mortgage lender just because they took the time to give you a mortgage interest rate quote. There are many companies that will do this for you so make sure to pick the best one for your needs.

Many analysts have predicted that mortgage interest rates are going to move much higher starting in the spring of 2010. If this is the case you can expect 30 year fixed mortgage rates to move higher than 5.5%. You will want to take advantage of low rates now.

Author: Mike Garner

The Obama credit card debt relief plan was created to help you pay off loans and charge cards starting today. If you have had trouble with loan and credit card debt then you will greatly benefit from the Credit CARD Act. This act will help you to better understand where you stand with your credit cards.


Many Americans make the minimum monthly payments on their credit cards and they have no idea how long it is going to take them to get out of debt. This will no longer be the case as credit card bills will clearly show you how long it will take you to get out of debt making the minimum payments.

Something else the Credit CARD Act will do is give forewarning to customers as to when their interest rate is going to increase. It used to be the case that credit card companies could increase your interest rate at anytime without telling you. That will no longer be the case.

Credit card companies will now have to give you a 45 day notice as to when your interest rate is going to increase. This will allow consumers to adjust their spending habits and hopefully encourage them to pay that particular credit card off before the interest rate increases.

Author: Heather Best

The first time home buyer tax credit extension has helped many future and current homeowners save $8000 or $6500 by April. If you are a first time home buyer and you are under contract by April 30th, 2010 you will benefit from the first time home buyer tax credit.


First time buyers will receive a tax credit of $8000 in the form of a check. If you have been considering buying a new home now is one of the best times ever. Home prices are extremely low, mortgage rates are at the lowest levels they have ever been and tax credits are available.

If you have lived in your current residence for more than five years and you have been thinking about moving up you could receive a tax credit for $6500. Once again, you will need to be under contract by April 30th, 2010 to save money through the first time home buyer tax credit.

There are only a few months left to save from this tax credit so you want to take action soon. Many mortgage lenders will be more than willing to help you with this process so make sure to seek them out sooner rather than later.

Author: Alan Lake