Can Your Facebook Friends Really Influence Your Credit Score?

After reading news headlines from CNN to Mint.com suggesting that it’s just a matter of time before credit reporting bureaus begin using my social media footprint and friendships to rate my credit, I felt sad that I was going to have to drop all the old friends I reconnected with on Facebook after my high school’s 30th reunion.

8 Places to Go When Your Mortgage Lender Says No

Friday Five: Is it Time to Refinance?

Now might be the best time for home owners who have been putting off refinancing. After a slight increase, mortgage rates slipped back below 4% this week, but it’s unlikely that they will remain near historic lows. Home owners with FHA loans could also benefit from reduced mortgage insurance costs because of efforts to streamline the process. Read what else to expect during the spring housing season in this week’s Friday Five.

A Guide to 3 Equity Loan Options:

Fixed Mortgage Rates Inch Higher

Fixed Mortgage Rates Inch Higher

Mortgage rates turned course this week, with the benchmark conforming 30-year fixed mortgage rate rising to 4.74%, according to Bankrate.com. The average 30-year fixed mortgage has an average of 0.35 discount and origination points.

The average 15-year fixed mortgage moved up to 3.83%, as did the larger jumbo 30-year fixed rate, which is now 5.19%.

Mortgage Rates Hit a 2-Month High

Mortgage Rates Hit a 2-Month High

Mortgage rates increased for the second week in a row, with the benchmark conforming 30-year fixed mortgage rate now 4.79%, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.32 discount and origination points.

Mortgage Rates Fall 9 Straight Weeks

Mortgage Rates Fall 9 Straight Weeks

Mortgage rates continue to fall amid disappointing economic news this week. The benchmark conforming 30-year fixed mortgage rate is now 4.65%, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points.

The average 15-year fixed mortgage hit a new record low of 3.79% but the larger jumbo 30-year fixed rate ticked up to 5.19%.

Home Owners Need Support of Fannie Mae, Freddie Mac

Home Owners Need Support of Fannie Mae, Freddie Mac