November 20th, 2009

Friday Scoop on Housing Market and Credit Karma News

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It’s a week until Black Friday, and headlines are dishing Black Friday deals and their secrets while, in other news, unemployment rates are rising in 29 states. Any predictions for how the shopping season will fare if retailers keep slashing prices to spur consumption, while around 10% of Americans nationwide are still unemployed?

While that thought sets in, here’s the buzz on Credit Karma and what’s happening in the housing market:

Credit Karma News

Home & Mortgage News

According to Bankrate.com‘s weekly national survey, mortgage rates are at a record low ideal for interested home buyers and also represent a golden opportunity for homeowners looking to refinance. These rates are significantly lower than rates one year ago, and since mortgage rates don’t stay at records levels for very long, borrowers should act with urgency to take advantage of these record low rates while they are still affordable. Here are Bankrate’s recent survey results:

  • 30-year fixed: 5.06% — down from 5.19% last week (avg. points: 0.40)
  • 15-year fixed: 4.48% — down from 4.61% last week (avg. points: 0.34)
  • 5/1 ARM: 4.58% — down from 4.58% last week (avg. points: 0.30)

row of houses

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