Finance Point

Longer term mortgage rates hit 2007 highs during last week according to the results of Freddie Mac’s Primary Mortgage Market Survey. With the exception of the one-year adjustable rate mortgage (ARM) rates have gone up 20 or more basis points in the last two weeks.

The 30-year fixed-rate mortgage (FRM) increased to 6.42 percent with 0.4 point compared to 6.37 percent with 0.4 point the previous week. This is the highest rate for the 30-year since the week ended September 14, 2006.

The 15-year FRM averaged 6.12 percent. The previous week it averaged 6.06 percent. Fees and points were unchanged at 0.4. The last time the 15-year FRM reached this level was September 7, 2006. Read more

Debt consolidation loans are last hope before bankruptcy, they can be both secured or unsecured loan types. Debts have become a harsh reality of today’s life. Sometimes a debt amount can be so high that debt consolidation loan may be the only avenue left.

Where Do I Go For The Loan?

Internet is the best bet for looking for the right debt consolidation company. They process fast with no hassle of paper work involved. They will offer you free debt consolidation help. But be cautious. While choosing a debt consolidation company, always verify about the company and study their track record. They should not be another arm of the company to which you already owe money as it will create conflicting interest for the debt consolidation company. Surf the net to see the rates that are being offered by the different free online debt consolidation quotes. Lastly, go for the debt consolidation loan only if settlement is out of the question for your existent loans. Read More