Federal Reserve
New Refinancing Program for Loans Not Owned by Fannie or Freddie
Yet another mass refinancing program has been proposed, this time by Oregon Senator Jeff Merkley. His program, âThe 4% Mortgage: Rebuilding American Homeownershipâ (RAH), is geared toward underwater borrowers who have kept up with their mortgage payments, but havenât been able to receive assistance via existing programs. It specifically targets those who hold mortgages that [&hellip
The post New Refinancing Program for Loans Not Owned by Fannie or Freddie first appeared on The Truth About Mortgage.
A Simple Financial Spring Cleaning Checklist
Spring is the perfect time to complete a financial clean-up. Here we share a few financial areas of your life that may need some sprucing up. No mop required! 1. Banking The banking industry is quite competitive. If youâre not…
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The post A Simple Financial Spring Cleaning Checklist appeared first on MintLife Blog.
What QE3 Means for Mortgage Rates
As widely expected, the Federal Reserve announced âQE3â last week, a move taken to bolster the flagging economy by putting downward pressure on long-term interest rates. More specifically, the Fed pledged to purchase even more agency mortgage-backed securities (MBS) in an effort to push mortgage rates lower than already are, via a method known as [&hellip
The post What QE3 Means for Mortgage Rates first appeared on The Truth About Mortgage.
Stock Market Today: Stocks (and the Fed) Stay the Course
The FOMC’s March minutes didn’t give investors much else to munch on, resulting in a mostly sideways Wednesday for the major indexes.
5 Charity-Focused Credit Cards That Help You Donate
If youâre still cutting checks to your favorite causes, you might be missing out. Some credit cards focus on charitable giving, helping you earn rewards or fundraise for your favorite nonprofit organization as you spend. Here are five charity-focused credit cards that can help support a great cause. 1. Charity Charge Mastercard Rewards: 1% cash… Read More
The post 5 Charity-Focused Credit Cards That Help You Donate appeared first on Credit.com.
The Fed Minutes and Mortgage Rates
Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April 30th and May 1st, 2013. The contents werenât all that exciting, though they seemed to be enough to result in a 200+ point stock market swing. The markets opened considerably [&hellip
The post The Fed Minutes and Mortgage Rates first appeared on The Truth About Mortgage.
Blogger Claims Bernanke Made His Mortgage $53,000 More Expensive
A Yahoo! Finance blogger named Rick Newman claims Ben Bernanke cost him $53,000 on his recently acquired mortgage. The issue revolves around the latest testimony from the Federal Reserve boss, who revealed the Fed could taper purchases of mortgage-backed securities (MBS) in the not-so-distant future. If the Fed tapers its purchases, supply of MBS will [&hellip
The post Blogger Claims Bernanke Made His Mortgage ,000 More Expensive first appeared on The Truth About Mortgage.
What Happens If You Just Stop Paying Your Student Loans
If your student loan payments seem overwhelming, you should know that youâre not alone. Americans are shouldering a growing student debt burden; In fact, US borrowers owe a combined $1.7 trillion in student loan debt, according to the Federal Reserve . For federal student loans, if a borrower fails to make payments on a loan […]
The post What Happens If You Just Stop Paying Your Student Loans appeared first on SoFi.
Credit Card, Auto Loan Rates Won’t Rise Soon Despite Fed
The Federal Reserve Board recently announced it will help to keep interest rates at artificially low levels for the foreseeable future, but many experts note that they could be slated to rise at some point in 2014. However, it’s important to note that this will probably not alter what borrowers pay for certain types of consumer credit…. Read More
The post Credit Card, Auto Loan Rates Won’t Rise Soon Despite Fed appeared first on Credit.com.