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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Since late 2008, American consumers have been steadily making a shift toward carrying less credit card debt. Revolving credit declined, once again, in Q4. According to the most recent G.19 report released by the Federal Reserve, revolving credit declined at an annual rate of 2-3/4 percent. At the same time, there has been in increase in installment debt.

American consumers are converting their revolving debt into installment debt. Installment debt allows people to pay their debts within a specified time frame, often for a fixed rate. Whereas revolving accounts are open, and the balances can be increased with new purchases, installment debt balances decrease with each monthly payment.

Following are 2 of the top ways that people are converting their revolving debt to installment debt, and finding debt relief.

Credit card debt consolidation loan -

Credit card debt consolidation loans are an excellent way to organize credit card debt into a management program. Stop using multiple credit cards.

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