Kathy Orton, The Washington Post Published 7:47 am PST, Thursday, December 6, 2018 Mortgage rates continued to retreat as stock market volatility caused investors to seek safety in long-term bonds. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slid to a two-month low of 4.71 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.81 percent a week ago and 3.94 percent a year ago. The 30-year fixed rate has fallen 23 basis points since Nov. 15. (A basis point is 0.01 percentage point.) The 15-year fixed-rate average fell to 4.21 percent with an average 0.4 point. It was 4.25 percent a week ago and 3.36 percent a year ago. The five-year adjustable-rate average dropped to 4.07 percent with an average 0.3 point. It was 4.12 percent a week ago and 3.36 percent a year ago. "Mortgage rates ticked lower this week as trade negotiations sparked stock market fluctuations … [Read more...] about Mortgage rates are down significantly over the past three weeks
High income low credit score mortgage
Express-News Editorial Board Published 5:51 pm CDT, Tuesday, August 28, 2018 Deiadra Sturgis, 33, talks about her eviction during an interview at Haven for Hope, Aug. 15, 2018. The city’s eviction rate says something about the economic well-being of the community. Deiadra Sturgis, 33, talks about her eviction during an interview at Haven for Hope, Aug. 15, 2018. The city’s eviction rate says something about the economic well-being of the community. Photo: JERRY LARA /San Antonio Express-News Photo: JERRY LARA /San Antonio Express-News Image 1 of / 1 Caption Close Image 1 of 1 Deiadra Sturgis, 33, talks about her eviction during an interview at Haven for Hope, Aug. 15, 2018. The city’s eviction rate says something about the economic well-being of the community. Deiadra Sturgis, 33, talks about her … [Read more...] about High eviction rate reflects on community shortcomings
"Ask Brianna" is a column from NerdWallet for 20-somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans — all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to [email protected] .Good credit opens up a world you may not have known existed, like Platform 9 3/4 did for Harry Potter.If you jump on the credit-building train at 18, you'll have an easier time renting an apartment, getting a car loan and setting up your own cellphone plan when you graduate (though I can't promise you'll find butterbeer, like Harry did, at your final destination).But credit also makes it disturbingly easy to cover the eight pizzas your roommates decide to order.While independence is your reward for having good credit, not everyone is ready to build it responsibly in college. Know yourself, and choose a method that won't torpedo your goal as soon as you start.WHY YOU NEED CREDITA … [Read more...] about Ask Brianna: I’m 18. Should I worry about my credit yet?
Decades of banking bias have left many unfairly cut out of home ownership, local and national reports show, but one national organization is partnering with a Chattanooga grassroots nonprofit organization to combat the inequity one bank at a time. After months of conversations with the Washington, D.C.-based National Community Reinvestment Coalition and community-based organizations across the South, Memphis-based First Tennessee bank has signed a "community benefits agreement," which commits nearly $4 billion over a five-year period to benefit local residents traditionally cut out of lending. "First Tennessee has been a part of Chattanooga's community for over 40 years," said Jeff Jackson, First Tennessee's Chattanooga market president. "During that time, we've supported organizations that do so much to make our community a better place. However, there are still individuals and organizations who need the focus these dollars will provide over the next five years. We are excited to see … [Read more...] about First Tennessee boosts lending to low- and moderate-income Chattanooga residents
It is hard to beat the convenience of a credit card for purchases, but does that same convenience make it worth paying your taxes by credit card? It might, but that depends on several factors involving money and time. "Your credit card is usually a high-interest option, but it is an option," opines Betterment head of tax Eric Bronnenkant. Before deciding whether to put your tax bill on plastic, consider the following: Fees – By law, the IRS cannot pay credit card transaction fees. As a result, credit card payments to the IRS are handled through secure third parties approved by the agency. See the IRS website for a list of the approved payment processors and their fees. What to Do When You Owe Taxes But Can't Pay the Bill Credit card fees are percentage-based with a minimum "convenience fee" for smaller bills ranging from $2.50 to $2.69. Percentages range from 1.87 percent to 2.00 percent of the total tax bill depending on the vendor and the type of card … [Read more...] about Should You Pay Your Taxes With a Credit Card?