A Snowy Weekly Recapby Tim Manni
Between clearing the snow off our cars and shoveling out our driveways, we managed to find time to keep the blog running business as usual. Here is a recap of the posts we published this week:
“How Much Does a Snow Storm Cost?“: In a matter of hours, some experts say a heavy snow can cost into the billions.
“Are Reverse Mortgage Counselors Under-Qualified?“: A relatively recent test may make it appear that way, yet we’re not so sure that’s the case.
“The New ARM Debate“: Does the forecast for rising rates signify that it’s time for ARM borrowers to refinance into a fixed-rate loan? Not exactly.
“What the New Credit Card Rules Mean for You“: The credit card industry is in a constant state of change. The CARD Act, signed by President Obama in May of 2009, is dishing out its new mandates for credit card companies in three phases. Part two went into effect on February 22, 2010.
“Mortgage Rates Increase Slightly as Fed Makes Moves“: While it may seem like the Fed’s decision to raise the Discount Rate by a quarter percentage point (0.25%) came out of nowhere, the Central Bank had been planning the move for weeks. Regardless of when the decision was made, mortgage rates nudged higher after the information was released.