Current Mortgage Rates

Saturday, November 21, 2009



Debt Settlement, or debt negotiation, is the act of contacting your creditors and negotiating a lump sum payoff of your debt. If you are behind on paying your debts, sometimes you will even get a letter from the creditor directly offering a settlement amount of around 50% of your balance if you pay them in full within 10 to 20 days. Debt negotiation differs greatly from credit counseling and DMPs. It can be very risky, and have a long term negative impact on your credit report and, in turn, your ability to get credit. That's why many states have laws regulating debt negotiation companies and the services they offer. Tips to Avoid Getting Ripped Off by a Debt Negotiation Program

If the promises made by a debt negotiation program sound too good to be true, they probably are. Avoid debt negotiation companies that:
  • guarantee they can remove your unsecured debt
  • promise that unsecured debts can be paid off for pennies on the dollar
  • claim that by enrolling in their program you can avoid bankruptcy
  • charge monthly service fees
  • demand payment of a percentage of your "savings"
  • tell you to stop communicating with your creditors or making payments to them
  • require you to make monthly payments to them, rather than with your creditor
  • claim that creditors never sue consumers for non-payment of unsecured debt
  • promise that using their system will have no negative impact on your credit report





Get Current Mortgage Rates
From Top Lenders

Property State
Type of Loan
Home Description
Your Credit Profile
Note: Your credit profile will not be run for this inquiry.

Mortgage Resources



Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed4.75%
30-yr. fixed jumbo5.25%
15-yr. fixed4.25%
15-yr. fixed jumbo4.75%
7/1 ARM4.38%
5/1 ARM4.00%
3/1 ARM4.00%
1-yr. ARM3.62%
1-yr. LIBOR ARM4.38%
10/1 ARM4.62%
*Mortgage Rates Updated: 11/20/2009