Financial News Headlines

Mortgage rates up slightly this week

November 18th, 2011

Fixed mortgage rates inched upwards this week but remain near historically low levels, Freddie Mac said in a recent report.

Data from Freddie Mac’s latest Primary Mortgage Market Survey showed that average rates for 30-year fixed-rate mortgages (FRMs) increased slightly to an even 4.00 percent this week (the week ending November 17, 2011) after coming in at 3.99 percent last week.

The 3.99 percent average last week marked the second time of 2011 that 30-year rates dipped below 4 percent. The only other time that rates fell under 4 percent came in early October, when rates hit a low of 3.94 percent.

Average rates for 15-year FRMs also inched up this week – to 3.31 percent after averaging 3.30 percent the previous week. Las Read more…

Tags: Mortgage Rates, Week

Posted in Financial News | No Comments »

Best Website to Get Small Business Loans

November 10th, 2011

Business industry has undergone a significant progress today. Due to that, you can see a large number of new commercial companies throughout the world including on the internet. The emersion of the companies proves that there is a huge chance to grab in this business. Moreover, getting job in the office is really difficult today because of the strict competition. That is why building your own company can be really best solution for you.

The best is that the need of money as your modal can be solved for sure with the help of Business Loans. It is true that there will be countless money lending companies which will offer you the service of Business Loans and Personal Loans.

Read more…

Tags: Business, Business Loans

Posted in Financial News | No Comments »

Chase is about to ignore your privacy settings

November 6th, 2011

David Lazarus of the Los Angeles Times reports that Chase bank is contacting customers who already opted out of receiving marketing material–to let them know they’re about to receive more marketing material.

In his column “Banks keep pulling from bag of tricks,” Lazarus writes that the letters being sent to the opted-out customers say that the bank wants “to be sure that you know about available offers and that you have the opportunity to consider them.”

It’s thus giving customers until Dec. 15 to once again register their privacy preferences. “If you do no

Read more…

Tags: Chase, Chase Ignore

Posted in Financial News | No Comments »

Obama’s New Student Loan Relief Plan – How Much Will It Help?

October 25th, 2011

Today, the President reveals some changes to existing student loan provisions that were put forth in recent years. The aim is to ease the burden that many recent graduates face: substantial student loan debt, high monthly payments, and little income.

Obviously, student loan debt is a major problem in this country and it is exacerbated by the weak economy and struggling job market. So any changes that could help these borrowers out has to be a good idea, right? Yes, there are plenty of people this will help, but there are potentially many more who will not be helped.

The original student loan changes proposed a while back had initially put a “pay as you go” cap on payments at 15 percent of your income. In

Read more…

Tags: Loan, Student Loan

Posted in Financial News | No Comments »

Overview of Bankruptcy In Birmingham, Alabama

October 20th, 2011

There are many reasons to consider bankruptcy. Maybe you are dealing with abusive debt collectors or you are facing foreclosure. Or maybe you have lost your job and are drowning in debt.

Bankruptcy is a very serious option with serious consequences.

Read more…

Tags: Bankruptcy, Bankruptcy Birmingham

Posted in Financial News | No Comments »

Economic confidence plummets year over year

October 15th, 2011

Despite remaining relatively stable in recent weeks, economic confidence is way down from a year ago, said a recent report from Gallup.

Gallup’s Economic Confidence Index showed modest improvement up to -49 during the week ending October 9, up from -50 the previous week.

According to Gallup, its Economic Confidence Index hit is down a whopping 29 points this year. The high point occurred in January (-21) and the low occurred in early October (-50). This “underscores just how negative the average American’s mindset has turned in a short time,” the Gallup report stated.

During the week ending October 9, three-quarters of Americans said the U.S. economy

Read more…

Tags: Economic Confidence, Year

Posted in Financial News | No Comments »