Interest Rates

Are You Wasting Money on Credit Card Interest?

March 15, 2012

(Guest Post by Jeffrey Weber) If you have credit card debt and good credit, chances are pretty high that you’re wasting money on interest. Just how much you’re wasting will vary tremendously based on your interest rate and average monthly balance, but here are a few numbers to reflect on: A person who carries an average [...]

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How to Know If Refinancing Is Worth It

July 7, 2010

Wow! The average interest rate for a 30-year fixed-rate mortgage dropped to 4.74% in June. That historically low rate should pique your interest if you have a mortgage or are thinking about buying a home. What is a Mortgage Refinance? Refinancing is when you take out a new loan in order to pay off an [...]

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Interest Rates Soar

April 15, 2010

As our country seeks financial progression, higher interest rates are inevitable. In case you weren’t aware, we’re already experiencing some drastic increases. According to mortgage company, Freddie Mac, the fixed average mortgage rate is now 5.21 percent… after being 5.08 percent last week! So if you’re looking into buying a place, it might make sense [...]

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