| February 12, 2010

Mortgage rates remain stable and ideal for refinancing, says Bankrate

Mortgage rates either remained stable or declined during the first full week of February, keeping the window open for homeowners to refinance their loans to save money, according to the latest weekly national survey from Bankrate released on Thursday.

Fifteen-year fixed-rate mortgages were the only type of loan to see their average rate decline for the week as it fell 0.03 percentage points to 4.52 percent. The drop more than made up for the 0.01 percentage point increase it had seen one week earlier.

Both 30-year FRMs and 5/1 adjustable-rate mortgages saw their average rates remain stable for the week 15 at 5.15 and 4.56 percent respectively. The stabilized rates for both mortgage types came after each rate saw a 0.02 percentage point increase the week prior

The current average rate for all mortgage types combined stands at 5.15 percent, meaning that a $200,000 loan would result in a monthly payment of 1,092.05. This would stand to be a significant savings over the $1,241.86 monthly payment that homeowners would have received if they took out a loan of the same size in November 2008 when the average rate was 6.33 percent that could help some get out of debt.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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