Wednesday, October 31, 2012

Pleasant news: Mortgage rates rose slightly

Mortgage rates rose slightly on Tuesday, even though financial markets were fully closed due to Hurricane Sandy.  The market closure meant that there was no trading on the secondary mortgage market, but most lenders remained open, and released rate sheets accordingly.

Tuesday, October 30, 2012

FICO researchers explain how to earn high credit scores!

Bankers helped enrich the lives of more than 130,000 American children by participating in Get Smart About Credit Day during October. The American Bankers Association Education Foundation and its partner banks staged financial literacy events in over 450 communities.

Monday, October 29, 2012

Four tips on how to avoid credit repair scams.

Lenders use your credit score to measure your ability to repay debts. The better your score is, the more likely you are to qualify for credit cards and loans at favorable interest rates.