Current Mortgage Rates

Saturday, November 21, 2009



Fulfilling our pledge to enjoy all of the extras in life, now and in the future, depends on our ability to afford the things we want. It's never too soon therefore, to take a good look at our finances, develop a plan, and find all the opportunities to make our money grow through better money management.

Here are some tips:
  • Automate your financial life: Call your mutual fund or broker to have monthly investments routed from your bank. Do the same for your monthly utility, cell-phone and cable payments. You'll find it easier to budget, and you'll never pay a late fee again.
  • Know your credit score: Order your credit score from all three major credit bureaus for $45 from Myfico. com. True, you're entitled to free copies of your credit reports this year, but one detail will be missing: the magic number that lenders and insurers use to judge your credit-worthiness. Pay for that.
  • Set a money management goal: Money management is a means to an end. However, make your goal practical and be sure the end is in clear sight.
Although your money management goal may be to have a comfortable retirement, start small with objectives like paying off a credit card within X number of months or saving $X by the end of the year. In money management, like in any regimen, there's nothing like the satisfaction of success to keep you on track!




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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