Last Wednesday, the Federal Reserve stated that it would keep short-term interest rates near 0% although the central bank announced that the economy was recovering from its crisis.
Archive for September, 2009
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Mortgage Rates Below 5% – Time To Buy?
September 28th, 2009 
Elisheva Wiriaatmadja It has only been a few days that the mortgage rates slipped below 5% and mortgage loan applications have already jumped up by 13% since last week. The average rate is 4.9% but some rates can be as low as 4.65% for a fixed, 30-year mortgage.
No Recovery for America!
September 27th, 2009 Elisheva Wiriaatmadja A few months ago I wrote a post about the economic prediction of Gerald Celente who said that the newly elected President Obama at the time can not do anything to avoid the brewing revolution in America. He forecasted food riot, tax riot and all other dark things like that, with the deeper and longer [...]
CCCS Helped One Family Get Out of $100,000 Debt
September 25th, 2009 Elisheva Wiriaatmadja Millions of Americans now are stressing over increasing pile of bills and debts on their desk. One service that actually works to help you soothe your tension and frustration is help from the consumer credit counseling service.
Walls Closing in: Lack of Spending Chokes the US Economy
September 23rd, 2009 Elisheva Wiriaatmadja With the economy still crumbling, the consumer credit has dropped enormously by $21.5 billion only in one month from June to July 2009. This is according to the the figures that were released by the Federal Reserve earlier this week. In July the US consumer credit totaled $2.49 trillion in June and decreased by 10% [...]
Holders of US Debt
September 23rd, 2009 Elisheva Wiriaatmadja If you are wondering who holds the most US debt, here is a list compiled by CNBC. 15: Luxembourg – $104.2 Billion 14: Depository Institutions – $107.3 Billion (commercial banks, savings banks, credit unions) 13: Russia – $119.9 Billion 12: Insurance Companies – 126.4 Billion 11: Brazil – 139.8 Billion 10: Caribbean Banking Centers – [...]
FHA’s Dumb Questions Proposed For Mortgage Shoppers To Ask Lenders
September 20th, 2009 Elisheva Wiriaatmadja With the 30-year mortgage rates sliding back to 5.04% last week, it is hoped that the number of mortgage application will once again increase despite the last week’s fall of application volume by 8.6%. The Federal Reserve recently proposed to amend the Truth in Lending Acts and one of the interesting proposal is the one [...]
Buying Some Peace of Mind For Your Future
September 17th, 2009 Elisheva Wiriaatmadja As I was trying to find out about Texas senior care in the internet, I read some sad facts about how a couple in Dallas had to terminate their long-term care insurance because their premiums has been significantly increased from $223 to $382 per month. Although the long-term care insurance industry is still pretty young, [...]
Credit Cards Aimed To Manage Your Debt
September 16th, 2009 Elisheva Wiriaatmadja Finally after so many years of encouraging and tricking consumers to load up on debt, the credit card industry is now offering credit cards that actually help consumers to manage their debt. JP Morgan’s new credit card, Blueprint, features help for consumers to manage their debt. Consumers are able to track their own spending in [...]
Can Loan Modification Programs Make Things Worse?
September 15th, 2009 Elisheva Wiriaatmadja Although many have experienced a relief in their monthly payments after their mortgage loan was modified, some say that it has made things even worse for them. They end up having larger debt on their homes and pay a higher monthly payment. Apparently, mortgage lenders roll late fees, back taxes and other kinds of taxes [...]
