Thursday, October 4, 2012

The national average annual percentage rate (APR) on new card offers has stayed at 15 percent

Interest rates on new credit card offers remained at 15 percent on Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report.  After hovering just below 15 percent for two consecutive months, the national average annual percentage rate (APR)  on new card offers has stayed at 15 percent for the past three weeks.

Wednesday, October 3, 2012

Master Card provides ATM network to support EMV

MasterCard officials expanded its roadmap for EMV debit and credit card technology to include automatic teller machines. After October 2016, banks can hold ATM operators liable for fraudulent withdrawals and cash advances from debit and credit cards.

Tuesday, October 2, 2012

Mortgage rates have started a small increase

Mortgage rates moved gently lower to begin the week (and month), ending a two day run toward higher rates on Thursday and Friday.  Trading levels in the secondary mortgage market began the day in the same territory as Friday afternoon and gradually improved throughout the day.