Debt Management, mortgage and credit news - a blog for the average consumer.

Homeowners steeped in denial about house prices?

The typical consumer attitude about the housing market reminds me of the Republican Congressman who said, during the famous Watergate scandal that brought down Richard Nixon: “Don’t bother me with the facts, my mind is …

Thirty Year Fixed Rate Mortgages More Expensive

Freddie Mac, the government-favored mortage company, reports that the average interest rate for 30-year fixed rate mortgages has risen to 6.37%. This is highest rate since September 2003, when rate was 6.44%.

Rising …