Mortgage Interest Rate Ties Record Low - 4.78 Percent
The interest rate for a 30-year fixed rate mortgage has tied the record low (since 1970) that was set earlier this month, Freddie Mac announced.
For the week ending today, the average rate was 4.78 percent with 0.7 points. Last week the average rate was 4.80 percent and a year earlier 30 year fixed…
Personal Income Decreases 0.3 Percent In March
Americans' personal income fell 0.3 percent in March, or $34.4 billion, according to the Bureau of Economic Analysis at the Department of Commerce.
Disposable personal income fell 0.1 percent, or $1.8 billion. Personal consumption expenditures (consumer spending) decreased 0.2 percent or $24.3…
Homeowners Struggling With A Second Mortgage Get Some Help
Homeowners with a second mortgage may qualify for some additional relief with the Second Lien Program under the Making Home Affordable Program.
The Treasury Department estimates that up to 50 percent of at-risk mortgages currently have second mortgages. The Second Lien program may potentially reduce…
Second Mortgage Assistance Announced By Obama Administration
I find it extraordinary how much government intervention there has been into the housing market and helping homeowners. If only this would happen for those of us with crushing student loan debt at a 6.8 percent interest rate...
But I digress...
The Obama administration announced today assistance for…
10 Tips for Credit Card Responsibility
As President Obama and federal legislators debate with credit card companies on fees and rates, consumers are still responsible for paying their credit cards and maintaining their credit reports.
The Illinois CPA Society has released a list of 10 things you can do for yourself to take control of your…
National Mover Rate Lowest In 60 Years
In 2008, the national mover rate fell to its lowest level since the Census department began tracking that data in 1948. The rate fell to 11.9 percent of the population, from 13.2 percent in 2007, the Census department announced earlier this week.
About 35.2 million people changed residences in 2008…
Fewer Homes Sell In March, NAR Says
Sales of existing homes fell by 3 percent in March from February, the National Association of Realtors announced today. They fell by 7.1 percent compared with March 2008. On a seasonally adjusted basis, 4.57 million existing homes were sold in March, down from 4.71 million in February and 4.92…
Today on the Ilyce Glink Show April 19, 2009
Spring is finally here, which means longer, warmer days and gorgeous flowers poking up after a long winter. The economy needs the warm winds of spring to give it a boost, I think, and that's what we're seeing right now.
On today's show, we'll talk about the spate of good news (stock market up 25…
Beware of IRS’ 2009 “Dirty Dozen” Tax Scams
As that April 15 tax deadline edges closer and closer, the IRS has released a list of top tax scams to watch out for. Whether you've already sent off your return or you're one of the last minute filers, make sure you don't get trapped by any of these scams:
Beware of IRS’ 2009 “Dirty Dozen” Tax Scams…
Homes Become More Affordable - But Will People Buy?
More Americans can afford to buy a $200,000 home, at least on paper.
The National Association of Home Builders announced today that 55 million families can afford a $200,000 home when you take into account their incomes, home prices and mortgage interest rates. That's up from about 38 million…
