Mortgage Rates Lower all week!

Mortgage rates began moving lower last Thursday and since then have fallen every single day, crossing into new all-time lows in the process.  Today simply continues that trend and makes for newer, slightly lower all-time lows.  We began in neutral territory but market improvements throughout the day led several lenders to reprice for the better.

America's banking sector loses customers

Americans are turning away from banks and turning to quasi-banking services. According to the Federal Deposit Insurance Corporation (FDIC), nearly 12 million Americans are managing their money without the help of a banking institution. This is up one-half of one percent from 2009 to 8.2% of all American households.

Credit Counseling and Credit Scores

According to recent statistics, nearly 135,000 Americans sought advice from a credit counseling agency in June 2012. That figure represents an increase of over a third from the same period a year earlier, underscoring the financial pressure faced by citizens across the country. Many Americans find themselves searching for answers in the wake of sudden job losses, illnesses, or family emergencies that can stunt household income.