Mortgage-Press, March 10, 2011 — Mortgages rates for 30 Year and 15 Year fixed loan rates remained the same this week, although they were expected to rise. An increase in unemployment claims has caused mortgage rates to remain steady. We researched current mortgage rates to bring you the lowest reported rates available and this is what we found.

Current mortgage rates for 30 year fixed conforming loans are 4.750% and 15 year fixed mortgage rates are 3.875%*. Mortgage-press.com could not find any other site that published mortgage rates this low.

We also researched rates for California, Arizona, Colorado, Florida and New York.

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Mortgage-Press, March 10, 2011 – FHA and Jumbo Adjustable Rate Mortgage rates remained steady this week. However, conforming ARM loans dropped slightly. Although mortgage rates were expected to rise, an increase in unemployment claims has held mortgage rates steady. We have researched current ARM mortgage rates to bring you the lowest reported rates available.

The rate we found for a conforming 5/1 ARM loan was 3.125%. The lowest mortgage rate reported for a FHA 5/1 ARM was a slightly lower this week at 3.500% and Jumbo 5/1 ARM rates were 3.875%*. Mortgage-press.com could not find lower published mortgage rates for ARM loans.

We also researched rates for California, New Jersey, Colorado, Arizona and New York.

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Mortgage-Press, March 10, 2011 — FHA mortgage rates for 30 Year fixed loans and 15 Year fixed loans remained the same this week. FHA ARM 5/1 loans also remained steady this week. Although rates were expected to rise, an increase in unemployment claims has kept rates steady. We researched current FHA mortgage rates to bring you the lowest reported rates available.

We found the lowest mortgage rate for FHA 30 year fixed loans remained at 4.500% and FHA 15 year fixed loans held steady at 4.000%. FHA 5/1 ARM mortgage rates stayed the same at 3.500%*. Mortgage-press.com could not find lower published mortgage rates for FHA loans.

FHA loans benefit consumers with lower credit scores because the requirements to qualify are less strict. This type of loan also allows borrowers to make a lower down payment.

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The Federal Trade Commission (FTC) is the government agency responsible for consumer protection. The debt consolidation and debt settlement industries have been plagued for years by unethical scammers taking advantage of people at their weakest financial point. In order to stop unethical practices in these industries, the FTC enacted new regulations in October of 2010. In an attempt to get the word out to consumers, here is a reminder and summary of what those regulations are meant to accomplish.

If you have credit card debt, get help.

• A debt settlement program is supposed to reduce credit card debt balances. That is the service they provide. Reducing the balance should make the payment affordable and allow the customer to get out of debt. In the past, debt settlement programs charged big up front fees and made no guarantee that any benefit could be accomplished. No more! A debt settlement program cannot charge up front fees.

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