Debtmerica Website Disclaimer: Last Updated as of July 26, 2011
*Clients that are able to make the monthly program payments generally experience a 50% reduction of their enrolled balance before fees, or approximately a 29% reduction after payment of fees over a 24-48 month period. Individual results may vary based on ability to save sufficient funds and complete the program, the creditors in your individual portfolio, and amount of debt enrolled. Statements made are examples of past performance and are not intended to be a guarantee that your debt balances will be lowered by a specific amount or percentage, that you will be debt free within a specific time period, or a guarantee of future settlement results. Debtmerica, LLC guarantees it will not receive any fees until the terms of your debt have been altered with one or more of your creditors. While our programs work aggressively to reduce your debt balances, creditors are under no contractual obligation to negotiate or accept settlement offers. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice and we do not provide credit repair services. Please contact a tax professional to discuss tax consequences of debt settlement. By providing your contact information, you agree to receive return telephone calls, emails or other communications from Debtmerica, LLC and/or its affiliates and expressly waive any “No Call” preference or registration. Photographs used are not actual clients. Debtmerica, LLC is not affiliated with MSNBC, Fox, CBS, 500/5000 or OCBJ and logos used are registered trademarks of their respective owners. Programs not available in all states. Read and understand all program materials prior to your enrollment.
Mortgage rates remain unstable midway through March, says Bankrate
Monday, 22 March 2010 10:00
Mortgage rates had an unstable week as the threat of increased volatility loomed in the market, perhaps leading some homeowners looking to consolidate debt through mortgage refinancing to hold off for the time being.According to Bankrate's latest weekly mortgage survey for the week ending March 17, the average interest rate for 30-year fixed-rate mortgages showed slight improvements as it decreased 0.01 percentage points to 5.07 percent. One week earlier, the rate had undergone a 0.04 percentage point drop.
"While the Federal Reserve is maintaining the pledge to keep short-term interest rates "exceptionally low" for "an extended period," this doesn't necessarily dictate what happens with fixed mortgage rates," the weekly report read, before adding that the ending of the Fed's program of buying mortgage-backed securities this month would have a more profound effect on rates.
"With the Fed no longer serving as the dominant buyer of mortgage securities, the days of low volatility appear numbered," it added.
The average rate for 5-year adjustable-rate mortgages had a similar week, decreasing 0.01 percentage points to 4.46 percent. While not a large decline, it was enough to offset the 0.01 percentage point increase seen one week earlier.
Fifteen-year FRMs had the toughest week of all mortgage types as its average rate increased by 0.02 percentage points to 4.45 percent. The week prior had been much better for the mortgage type, as its average rate had seen a 0.03 percentage point decrease.
A Secure & Trusted Site
|
Debtmerica is committed to providing a safe and secure site that you can trust. |
 |
 |