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Why Should I Monitor My Credit Report?
We always think that crime never happens to us-it happens to some guy your friend knows. But, in fact, it CAN happen to us. Information about you that can be used by identity thieves is floating around everywhere. One way of preventing and minimizing the damage is to monitor your credit report.

Sales of New Homes at Highest Level in March
A strong job market and low long-term interest rates fuel a great start to the housing industry for this year. Sales of new homes have reached the highest level this year, according to the Census Bureau. Economists expect 2006 to continue to be a strong year for housing.

Mortgage Applications Fall, but Long-Term Rates Still Low
The number of applications for mortgages fell for a third week in a row, according to the Mortgage Bankers Association. However, long-term rates remain in the six percent range, keeping it attractive for anyone who wants a mortgage. Those with adjustable rates should continue to refinance to fixed-rate products.

Housing Remains Affordable, Home Sales Robust
Sales of existing homes continued to rise for a second month in March. Housing continues to be driven by low rates for long-term mortgages and a strong employment rate. The housing industry is expected to remain strong this year.

What Is a Balloon Mortgage?
There is a lot of mortgage jargon out there, phrases like "balloon mortgage." No, it's not like getting a balloon with your mortgage like you would with a birthday present. So what is it and why would you get one?

Long-Term Rates Still Low...Refinance Now
Even though mortgage applications fell last week and short-term rates have risen for the past couple years, long-term mortgage rates are still at a historically low level. Several million ARMs are set to adjust. Now is the time to refinance your ARM into a long-term fixed-rate mortgage.

Long-Term Mortgage Rates Still Historically Low
The number of new houses being built dropped this month. However, housing activity is still stable since long-term mortgage rates remain historically low. It's still a good time to get a long-term fixed-rate mortgage.


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