Active Adult Living

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Credit Card Myths. Myth #8 this week.

The myths and the reality

Myth No. 8: Rewards cards are pretty much the same.

This myth takes different forms, including "the best rebate you can get is about 1 percent" or "you have to pay an annual fee to get a rewards card" or "the rewards aren't worth the effort to redeem."

Today, the best cash-back rewards cards have no annual fee, and you should expect a rebate in excess of 1 percent. Check out "20 credit cards that pay you back" for some insight on what you may be missing.

Mortgage Interest Rates for Fixed Rate Mortgages*

Rates as of Saturday, 13th March, 2010:

 

Term

Conforming

APR

Payment per
$1,000

Jumbo

APR

Payment per
$1,000

FHA - 30 yr Fixed

360

5.18%

5.327%

$5.48

5.125%

5.213%

$5.44

FHA - 15 yr Fixed.

180

4.50%

4.748%

$7.65

%

0.000%

$0.00

Conv. - 30-Yr Fixed

360

4.98%

5.126%

$5.36

6.49%

6.586%

$6.31

Conv. - 15-Yr Fixed

180

4.32%

4.567%

$7.56

%

0.000%

$0.00

5/1 - Adjustable Rate

360

4.19%

4.329%

$4.88

%

0.000%

$0.00

USDA - Fixed 30 yr.

360

5.00%

5.146%

$5.37

%

0.000%

$0.00

*Rates are subject to change due to market fluctuations and borrower's eligibility.

3/5/2010 Interest rates are steady for the time being. Look for a rise in mortgage rates in April, 2010. The Treasury will discontinue purchasing MBS at the end of March.

Jay Otlewski

RE/MAX Integrity

Direct Line 623.271.4234 or Jay@RetiringtoAz.com

Fax # 800-573-2416

www.RetiringToAz.com            www.valleyREadvisor.com              www.ThePhoenixRealEstateAdvisor.com       www.PhoneixHomeRescue.org