The Wall Street Journal reports that the average mortgage interest rate for a 30-year fixed mortgage just jumped up to 5.44%. That is a fast jump. It was only a few weeks ago that the average [...]; . . . → Click Here to Read the Full Article
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The new credit card law, which I discussed in the last BLOG entry, is probably going to cause some changes in the types of credit cards issued and the rules applied to them. For example “rewards cards” [...]; . . . → Click Here to Read the Full Article The Senate has passed its own version of the new credit card bill and everyone expects that the House and Senate reconciliation will become law within a few weeks. The law goes farther than the new [...]; . . . → Click Here to Read the Full Article The Obama administration has promised debt help for consumers in at least two important areas. One is mortgage debt and the other is credit card debt. They have moved forward in both areas in the last [...]; . . . → Click Here to Read the Full Article You can’t turn on cable TV for any length of time these days and not see commercials promising help with your debt. The latest is a commercial for a consortium of credit card companies plugging their [...]; . . . → Click Here to Read the Full Article The Wall Street Journal editors are joyous. The Senate (as of the last day in April) has killed the revision to the bankruptcy law that would have allowed judges to “cram down” the principle on residential [...]; . . . → Click Here to Read the Full Article |
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