Current Mortgage Rates

Sunday, November 22, 2009



Can credit cards affect your credit score? Yes, they can and they do. If you have credit cards or if you're just thinking about applying for one, it's important to understand how credit cards affect your credit score.

  • Late payments hurt your rating. The later the payment the more of a negative it will be.
  • Frequent requests for additional credit cards can count against you. If you've had more than four inquiries made within the past year, it will hurt your chances to get new credit.
  • Numerous changes in address and/or employment may also hurt your rating. Tips for Improving Your Score:
  • Monitor your credit report and dispute errors.
  • Pay your bills on time even if it means you can only pay the minimum amount due.
  • Low balances are a positive factor in scoring models. Don't use all your available credit.
  • New credit applications can detract from your score. Even an application for a department store card can lower your score. Multiple applications can have a devastating effect on your score, especially around the time you are shopping for major purchases like a car loan or mortgage.




Credit Card Debt Consolidation Benefits
All about Credit Card Consolidation
Select a Bank for Credit Card Debt Relief
What is Credit Counseling?
Is Credit and Debt Counseling Needed?


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. ARM3.75%
1-yr. LIBOR ARM4.38%
10/1 ARM4.62%
*Mortgage Rates Updated: 11/21/2009