This is certainly more geared towards the guys, but once I saw the headline it made me want to read and share with everyone.
It’s a list of 5 things you can learn about credit from popular gangster movies.
Here is the link, enjoy! Credit Advice From Gangster Flicks
Not exactly credit advice or mortgage advice, but thought I’d share the funniest Master Card commercial.
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Mortgage rates will go up this year. (yes, a bold statement)
The government has been tapering off the purchase of mortgage backed securities and will finish at the end of the first quarter of 2010. We all know that since the government started to purchase mortgage backed securities back in early 2009,the mortgage rates first dropped, and stayed, in the low 5 percent’s/upper 4 percent’s.
How Credit Card Debt Affects Your Credit Scores (popular article)
Even today, we are still at historic low mortgage rates, but this party will come to an end. Probably faster than most of us are even anticipating. The only question that remains is, “How much will the mortgage rates rise?”, not “if” they are going to rise.
It’s extremely hard to say how investors will react to the sudden stop of the government’s actions, but the inevitable of mortgage rates rising will happen.
If you are considering a mortgage refinance into a lower rate, now is the best, and probably the only, time to lock in those historic low mortgage rates.
Read more about mortgage rates at: History of the mortgage rates.