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    Short Term Loans Finder Simplifies the Search. announces that the hunt for short term payday loan solutions is simpler and more effective than before with the newly relaunched version of its search and compare platform. By

  • Backers say Colorado payday loan limits working

    A new law limits the term of payday loans from about two weeks to a minimum of six months. Backers say that gives borrowers some breathing room and makes it harder for payday lenders to pile on debt. Backers say the report also counted 330 licensed

  • Sneaky fees and extra interest charges can DOUBLE payday loan debt in 90 days

    Desperate borrowers who have been forced to turn to payday lenders are being hammered with sneaky fees and interest charges on top of sky-high rates. In some cases, charges are so onerous the size of a debt can triple within just a few months. In the

  • Online Payday Loans Aggregator Announces Easy New Service introduces a new way for US individuals to compare options for a payday loan online. The new service is offered by the website as a convenient way to pair those in need of cash with matched lenders. By

  • Report shows the scope of payday lending

    Pettijohn's report said that in the first six months this year, 1.1 million Texans took out payday or auto title loans with a total value of $1.3 billion. There are now 3,280 alternative lenders registered with the state, including 246 in Tarrant

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News Summary: Rates on US mortgages at record lows
RATES AT RECORD LOWS: Average U.S. rates on fixed mortgages fell again to record lows this week. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

Rate on 30-year mortgage hits record low 3.40 pct.

In this Friday, Sept. 21, 2012, photo,a home is for sale in Oklahoma City. Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates. Mortgage buyer Freddie Mac said Thursday, Sept. 27, 2012, the rate on the 30-year loan dropped to 3.40 percent. That's down from last week's rate of 3.49 percent, which was the lowest since long-term mortgages began in the 1950s. (AP Photo/Sue Ogrocki)Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

Already signs Fed action is working: Boston Fed's Rosengren
QUINCY, Massachusetts (Reuters) - The Federal Reserve's decision last week to buy large quantities of mortgage-backed securities is already having a positive effect on wholesale mortgage rates, the president of the Federal Reserve Bank of Boston said on Thursday. Eric Rosengren, in a speech to a chamber of commerce in the Boston suburb of Quincy, also said the U.S. economy was clearly in better shape than some developed peers internationally, but still not strong enough to bring the unemployment rate down more quickly. (Reporting By Ben Berkowitz; Editing by Chizu Nomiyama)

Ahead of the Bell: Weekly mortgage rates
Loan buyer Freddie Mac reports Thursday on whether mortgage rates are continuing to hold near recent low rates.

U.S. mortgage refinancing applications rise as rates hit record low: MBA

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of WashingtonNEW YORK (Reuters) - Applications for home mortgages dipped last week, though demand for refinancings rose as mortgage rates fell to a record low, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, edged down 0.2 percent in the week ended Sept 14. The seasonally adjusted index of refinancing applications gained 0.80 percent. The gauge of loan requests for home purchases, a leading indicator of home sales, tumbled 3.8 percent. ...

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