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U.S. Mortgage Refinancing Applications Rose in the First Week of 2010.

It seems like only yesterday that we were hearing about Option ARM Mortgage rates resetting, and that holders of those loans were unable to refinance because their house was worth less than the mortgage…. Oh, wait… it was yesterday.

Well, even so, things appear to be confusing in the housing market and mortgage [...]

A New Wave of Adjustable Rate Mortgages About to Reset.

A recent article from CNBC, More Homeowners Struggling As Option ARMs Reset Higher warns about thousands more homeowners are about to be squeezed out of their homes as option ARM mortgages reset to new, higher levels.

It’s been an often talked about danger on the horizon, but it appears that the horizon is now [...]

Mortgage rates on the rise again.

After mortgage rates dropped to record lowsa few weeks back, they really had little room to keep falling. It should come as no surprise then that we now see rates on the rise again. According to Bankrate.com’s national survey of lenders, the average 30 year fixed rate jumped 9 basis points up to 5.13%. [...]

Citibank Credit Card Holders Get a Rebate (and Why it’s a Bad Deal)

The Deal.

According to the AP, some Citibank credit card customers can now get a rebate of up to the total finance charge on the balance.

The details are still a bit loose, but here are the minimum requirements according to the article:

Meet the spending minimum (may be as much as $750 a [...]