Current Mortgage Rates

Friday, November 21, 2008



Consolidating credit card debt can lower your monthly bills, and save you a great deal of money over time. By consolidating your credit card debt, you may even be able to reduce your debt faster. If you have serious debt problems, you should definitely consider seeking the advice of a debt consolidator. Here is how a credit card consolidation loan works:
  • Let's say that you have an outstanding balance of $10,000 in credit card debt.
  • Now, let's say that the annual percentage rate is 20%.
  • If the outstanding balance stays at $10,000, then you will pay $2,000 in interest charges.
  • Here is how that works out: $10,000 x .20 = $2,000


The best time to consider credit card consolidation is when you have a 0% APR offer for a balance transfer. If you can avoid paying interest charges for a period of time on a balance transfer, you can condense your credit card balances conveniently onto one card and save some money in the process.

Keep in mind that sometimes the interest rate is charged retroactively if you don't pay off your balance before the promotional period is over. For a balance transfer to be worthwhile make sure that the credit card you are using has a lower interest rate than the credit cards you are transferring balances from.




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. fixed6.00%
30-yr. fixed jumbo7.75%
15-yr. fixed5.75%
15-yr. fixed jumbo7.50%
7/1 ARM6.12%
5/1 ARM5.75%
3/1 ARM5.88%
1-yr. ARM6.62%
1-yr. LIBOR ARM6.00%
10/1 ARM7.75%
40-yr. fixed7.38%
*Mortgage Rates Updated: 11/21/2008