Thursday, December 4th, 2008
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Appomattox VA Debt Consolidation Services



Appomattox Virginia Information

For Appomattox VA residents, a debt consolidation or debt management program could be your key to debt free living. The counselors with Debt Central will work with you to create a debt management plan which is suited for your life and will enable you to achieve financial freedom. A popular statistic states that "On average Americans carry $5,800 in credit card debt from month to month. If one were to make only the minimum payment on that debt every month, it would take 30 years to pay off - and include an additional $15,000 in interest." [compiled from www.cardweb.com]. The counselors can help you beat that stat.

To learn more about a debt consolidation program, fill out the form on the bottom of the page - and a counselor will be in contact for a free consultation!.


An interesting read for Appomattox VA residents...



Mortgage rates drop to lowest level since January (AP)

The Riverton Houses residential complex in Harlem, N.Y., is shown in New York, Tuesday Dec. 2, 2008. The company that owns the 1,232 unit Riverton Houses complex in Harlem said over the summer that it was in danger of defaulting on its $225 million, 10-year, interest-only mortgage. The company, Stellar Management, bought the complex in 2005 and had planned to convert more than half of its rent-regulated apartments to market rate by 2011. Tenants, however, have been reluctant to leave the pleasant development, with its long grassy mall, tree-shaded playground and marble lobbies, and local laws prevent the landlord from forcing them out or raising their rents by more than a small amount each year. (AP Photo/Bebeto Matthews)AP - Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market.


 
Seabreeze's Kass favors U.S. stocks over Treasuries (Reuters)
Reuters - Hedge-fund manager Doug Kass, who successfully shorted U.S. equities this year including shares of Fannie Mae and Freddie Mac , is now buying U.S. stocks on the belief that they have hit bottom.
 
Toll loss narrows, shares rise sharply (Reuters)
Reuters - Toll Brothers Inc , the largest U.S. luxury home builder, said its quarterly loss narrowed slightly as it wrote down less inventory, and its shares rose sharply as homebuilders extended a rally spurred by improved mortgage rates.
 
UK house prices fall at fastest rate in 16 years (AP)
AP - House prices in Britain fell at their fastest rate in 16 years during November, the country's biggest mortgage lender said Thursday, reinforcing market expectations that the Bank of England will later cut interest rates by at least another percentage point.
 
U.S. working on affordable mortgage plan: sources (Reuters)

A condominium is put up for sale in San Francisco, California August 14, 2008. (Robert Galbraith/Reuters)Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.


 
Financial industry pushes for lower mortgage rates (AP)
AP - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market.
 
May 5th, 2008

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