Posted in Blog
Frank Yan of Sacramento posts a related article: It’s Not YoursIf you have a significant amount of credit card or unsecured debt Sacramento resident Frank Yan says it’s often hard to get clear, accurate information about your options. Consumers will find that there isn’t a “perfect option”, but there will definitely be a “best option” [...]
Someone must not proofread their material. Frank Yan believes that what they meant was that the chance for an earlier than normal death was increased by any or all of the aforementioned factors. It’s a small distinction that Frank knows, BUT, in the world we live in today where people are supposed to be getting smarter and smarter…… Right?
It just shows you that you cannot rely on spell check every time to catch everything. Everybody seems to want to rely in this world of technology and applications for everything. What is next? We have cashiers that cannot make change and these high school graduates that can do calculus and physics, but can’t balance their own checkbook or credit card statements. We have people that can’t read a map, what happens when your GPS fails? Do you immediately go buy another or drive around Sacramento until you stumble across your destination?
We see major newspapers that contain more errors than Frank was ever allowed in a high school report. Nobody seems to fact check, but then this isn’t a real major newspaper. Frank has seen roads with directional signs that seem to be intended to confuse out of area travelers. Try being from out of the area and driving around in another country without getting in a wreck. People from out of the area need road signs placed well before a turn in one standard location (so they can be found), not on wires across the road, then on a pole on the right corner, then on a post on the left side of the street, etc.
Frank Yan wants to know who really thinks there is an increased chance of death. Frank also likes to know why these types of errors that are occurring. Is it that we are ALL way too busy to verify things? Perhaps there is just too much knowledge that we think we know? Why don’t we just concentrate on teaching students things in school that everybody will use in their normal everday lives? Not everybody, in reality only a small percentage, will EVER need calculus and physics, but everyone should be able to spot errors such as, spelling errors, road signs that make no sense, common, increased chance of death, etc. Everyone should be able to balance a checking or credit card account and
count money without a calculator.
Frank Yan of Sacramento encountered many people in his Sacramento area that have found themselves in mountains of There are a lot of things to be unhappy about when you’re in debt. Although material things shouldn’t matter more than your happiness, when you’re in debt, they become a burden. Nothing that you have is actually yours. Everything belongs to someone else or the financial institutions. It’s like someone or something is hovering everything over your head. You know that at any moment, everything you have can be taken away from you.
This can be a scary thought, knowing that your house you lay your head in and the car you drive around isn’t yours is not something that people like to think about. Nevertheless, not thinking about it at all will only cause you to fall further into debt. The only thing that anyone can do is to take action. Not knowing exactly how to get yourself out of debt poses a problem.
Frank says that being in debt can create huge sense of uncomforted dread. The power of money has over people around the world is unreal. Some people would say that it is imagined, but once those very same people wake up and one day realize that they have no home to live in and no car to drive, reality begins to seep in. What really makes matters worse is when people continue to live life pretending like they don’t own tens of thousands of dollars. Before you can live the life the way you want, you must get out of debt completely. There are many things you can do to minimize debt refraining from excess spending, and paying all your bills on time. Consider limiting out any credit cards that you have that you don’t use.
Although money isn’t everything, it definitely has a lot of control over the world we live in. Frank Yan understands this and puts everything into prospective, as Frank once was heavily in debt when he began to work at Sacramento International while attending Sacramento State at the same time.
If you begin to get out of debt, it is important for you to must know how to spend your money more wisely. Having a good and effective system to follow helps a lot when you don’t know what you’re doing. Knowing the system you are following is one that will work gives you the confidence you need to carry out your plans. And knowing is half the battle. Think before spending and ask yourself if the things you want are the things you really need.
Frank Yan of Sacramento posts a related article: It's Not Yours
If you have a significant amount of credit card or unsecured debt Sacramento resident Frank Yan says it's often hard to get clear, accurate information about your options. Consumers will find that there isn't a "perfect option", but there will definitely be a "best option" for debt relief. It's important that you take the time to understand the benefits and risks of any debt relief plan before committing.
Here is a summary that Frank Yan put together of available debt relief programs based on $30,000 of credit card debt:
1.Minimum Payments.
The banks prefer you pay only minimum payments. Why? You make them incredibly rich by doing so. This may be the single most harmful financial mistake you can make.
Pros: None
Cons: You'll end up paying 400-1,000 cents on the dollar for your purchases over 20-30 years.
BE CAREFUL: Money spent towards servicing debt for 20-30 years is MUCH better spent building savings, paying down a mortgage, or funding investments and retirement - ask any financial planer.
Success Rate: 0% (even paying your credit cards off with minimum payments isn't a success)
Approx. Payoff: Monthly payment of $480: 24 years (288 months). $139,461.
2. Accelerate Payoff with extra principal.
You can pay extra money towards principal every month to pay down your creditors faster.
Pros: Will reduce your total payoff and the time it takes to get out of debt.
Cons: Not many people have extra money these days. You also can't control what the creditors do with your interest rates or if they apply the money correctly to principal.
BE CAREFUL: This will take the discipline of paying extra every month as long as it takes, which is hard to do. Think of it this way: we all know we're supposed to go to the gym and work out more, and may even start off good, but do we keep going every month? Knowing what's good for you and doing it are two different things.
Success Rate: 7%
Approx. Payoff: Monthly Payment of $680: 9 years (108 months). $63,094.
3. Payment Plan.
If you are having financial trouble or miss payments you may be able to negotiate a payment plan with your creditors for 100 cents on the dollar.
Pros: Payoff for less than minimum payments.
Cons: You won't be able to use your card anymore. Negative impact to credit score. You will have to negotiate this with the bank and they may not approve it.
BE CAREFUL: If you miss even one payment on this plan all of your back interest and late fees may be added in with interest rates as high as 30%
Success Rate: 29%
Approx Payoff: Monthly Payment of $480: 5.5 years (66 months). $30,000.
4. Consumer Credit Counseling Services.
CCCS is a 3rd-party company putting you in a program to pay off your creditors.
Pros: Make only one payment monthly. Don't receive collection calls.
Cons: Huge fees - sometimes as high as 20%. Another company controls your payments. VERY damaging to your credit score.
BE CAREFUL: There is no huge financial benefit to CCCS that cannot be achieved more efficiently through a repayment plan or debt settlement.
Success Rate: 21%
Approx. Payoff: Monthly Payment of $700: 5-7 years (60-84 months). $51,300.
5. Debt Settlement.
Debt settlement is a legal negotiation where your creditors will take less than what is owed, usually around 30-50%.
Pros: Debt free in18-30 months for the same monthly payment. Most efficient way to pay off your creditors. Voluntary negotiation for your creditors. Recapture monthly payment that can be used for savings, investments, retirement.
Cons: Risk of creditor lawsuits. Settlement negotiations may be higher or lower and can not be guaranteed. Must miss payments resulting in temporary damage to credit score.
BE CAREFUL: Trying it yourself is seldom successful and could land you in court if you are sued. Do not hire a debt settlement company because they charge high fees and set you up to fail. Only hire an attorney who specializes in debt settlement and keep your plan within 2 years or less for best success.
Success Rate: 20-40% if attempted by consumer, 75-99%* if done by qualified attorney
Approx. Payoff:Monthly payment of $480: 1 -2 years (12 to 24 months). $10,000 - $14,000
6. Bankruptcy.
Bankruptcy offers legal protection from your creditors.
Pros: BK gives a fresh start for those who are financially destitute or overwhelmed with debt.
Cons: Complete default for your creditors. WORST thing for your creditors. Hard to get new loans. Can only file once every 6 years.
BE CAREFUL: Chapter 7 bankruptcy wipes out your debt. A Chapter 13 is a repayment plan and may be better accomplished with a debt settlement.
Success Rate: 100% if you qualify
Approx. Payoff:Costs for bankruptcy range from $2,000 - $3,000.
Frank Yan suggest that you contact your local Sacramento credit specialist for more information or a free report: Debt relief options for today's homeowner or consumer
Posted in Blog
Frank Yan of Sacramento posts a related article: How Get Over a Cold Fast It’s flu and cold season. And many people in and around Sacramento have been suffering from sickness. Frank Yan a resident of Sacramento says to be prepared to fight against this flu. Know which 2 remedies can nip the flu it [...]
A few months ago Frank saw a breif documentary at the Sacramento International Airport while waiting for his flight out. The documentary was called: What the bleep do we know? Frank think there should be a new one called ‘Who the bleep are we?’ Frank may be challenged for saying this but he believed that very few people here in Sacramento actually know themselves and Frank is for one of them. Everyday is a growing process for us and at the same time Frank is taking on information and behaviors that are ultimately deciding what actions he will take from one moment to the next. However there is a part of Frank Yan that wants that sponginess to stop. We are all sponges. Yes, he said it. Sponges soaking up our environments were in. Most of the times we have to be sponges because there is so much to learn in this day and age that every day becomes a university. There’s always something new to learn and discover about ourselves. Frank wants that part of the sponge to remain open for business but he wants the part of himself he the chooses what actions he personally takes and the personality that he will emit to be a more like a rock than a sponge. Frank wants to choose a pattern of behavior that is what he decided to be in accordance with the belief systems that he have decided best reflects what he believes the universe is about and accurately reflects the purpose he has created for himself.
This is a very challenging time for Frank. Who was the guy Frank Yan that lives in Sacramento 4 weeks ago and is a very different person that he I is today? And the hurdles before Frank seem very high although he is sure they were not. But despite those hurdles Frank will take that fight to his very core. It’s not a fight of violence, but a fight of love whereby Frank must find a way of accepting these new facets of who he is and integrate them into the person he wishes to ultimately shape himself into. Frank is no different from anyone else. Everyone faces those challenges on a daily basis and the process of discovery of that person who you are or have chosen to be deep down, must be faced with love and your held high! Whether you see that inner person with an exact avatar or whether you decide that, that person will be someone new on a daily basis, do it with a sense of pure acceptance of you. You will change, you will adapt, your purpose will change, your desires will change, you ideal self will change, but change is a sponge, waiting to be immersed in a bucket of water.
From Frank’s own limited and gained experience, he has found that the greatest degree of inner tranquility comes from the development of love and compassion from within. The more and more we care for the happiness of others, the greater our own sense of well-being becomes. Cultivating a close, warm-hearted feeling for others automatically puts our mind at ease, as Frank Yan will say. This helps remove whatever fears or insecurities we may have and gives us the strength to cope with any obstacles we ever encounter. It is the ultimate source of success in life.
As long as we live in Sacramento or anywhere in this world we are bound to encounter problems. This is natural, problems will come and problems disappear. If, at any time we lose hope, become discouraged, we begin to diminish our ability to face our own difficulties we face. If, on the other hand, we remember that it is not just ourselves but every one who has to undergo the suffering, this more realistic perspective it will increase our determination and capacity to overcome the troubles. Indeed, with this attitude, each and every new obstacle can be seen as yet another valuable opportunity to improve our minds.
Thus we can strive gradually to become more compassionate, that is we can develop both genuine sympathy for others suffering and this will to help remove their pain. As a result, our own serenity and inner strength will increase. Frank Yan sees happiness wherever he is. Whether in his home in Sacramento or deep far beyond across globe.
Frank Yan of Sacramento posts a related article: How Get Over a Cold Fast
It's flu and cold season. And many people in and around Sacramento have been suffering from sickness. Frank Yan a resident of Sacramento says to be prepared to fight against this flu.
Know which 2 remedies can nip the flu it in the butt. Though your local Sacramento drug store or pharmacy is loaded up with a multitude of flu and cold meds, there are really just a couple of things that have actually been proven to speed up a flu or cold. They are: andrographis, vitamin C and of course your mom’s homemade chicken soup. Take regular doses of these the moment you start feeling symptoms. That’s 500 mg of vitamin C 4 times per day, with plenty of water, for the next 2 or 3 days or andrographis as 48 mg of standardized andrographolide extract 3 times daily. Frank Yan mentions that these remedies, in combination, can reduce the average time that a flu or cold lasts from roughly 5 days to 3.
Posted in Blog
Frank Yan of Sacramento posts a related article: The Debt Forgiveness Relief Act Let’s face it, Frank Yan of Sacramento says that we are all looking to reduce costs some how, whether it is just to make spending less than we earn and get by, or because we should be putting more away for the [...]
Walking Past the Homeless. What do you do?
- If your reaction is of caution, that’s OK.
- If your reaction is to pretend they are not even there, that’s OK.
- If your reaction is putting extra space between yourself and the homeless, that’s OK.
- If your reaction is to look away from the homeless and try and avoid eye contact, that’s OK.
For many people, walking past a homeless beggar can be indecisive at times. We all hear so many of the negative things about the homeless, that we naturally act very cautious and may even have to think very carefully before taking any action at all. In the past, when Frank Yan was much younger and more naive as litte boy in London, Frank never used to give money to the homeless begging. He was always told, by immediate family, not to. He was told that he if gave the homeless money, they would spent that money on alcohol or drugs. Frank Yan was fed all sorts of beliefs that limited his perception and taught him to be afraid of doing anything genuinely good. He was taught to be selfish during that time. Frank is fairly sure that he is not alone in this experience or alone with these beliefs.
Frank was told to believe something when he was younger and Frank was given every good reason why. But then he made his own reasons of “Why not Right?….” It wasn’t a question of whether what he was doing was right or wrong, it was a question of what felt right to him. It was an action that allowed him to feel like he was doing something for the greater good. He was doing something and by helping people which is something Frank enjoys.
So there Frank was one day, walking past a homeless man in Old Sacramento, walking towards Raley’s Field to watch the Rivercats game in West Sacramento and he was feeling that initial insecurity; “What should I do? Where should I look? How should I feel? Should I acknowledge them? Will I feel guilty if I walk by without giving money? If I ignore them maybe they’ll disappear?” Do any of those questions or feelings seem familiar to you?
Frank decided that day to give this Sacramento homeless man, all the change I had within my pocket. Before he did, Frank smiled and knew that he wouldn’t catch anything. Frank pulled out what he had; it was about $7 enough for the homeless man to eat for the day. Frank walked up to the homeless man and gave him the money in his plastic cup he was holding in his hand. When Frank walked away he didn’t think about what he would use the money on; Frank didn’t feel like he did it out of pity; he didn’t even feel like I was giving him any money.
Frank felt like he was walking past “him” and this other “me” asked for a “him” to share, and in that way Frank shared something with this beautiful human soul. Frank doesn’t think about what clothes he was wearing or that he may hurt him. All Frank Yan could think was that this soul was another Brother in Christ, just like him.
First Frank Yan wants to look at those who may spend more money than they earn. It stands to reason that if someone is spending more money than what they earn, they are either being given the money or are borrowing it, such as credit. In this day and age of worldwide economic growth and prosperity it has never been easier than before to borrow money. Temptation to borrow is everywhere, whether it is for a new TV, a new car or a new house. In Sacramento personal debt levels are at record highs. With foreclosures at an all-time high, delinquent State deficit, and the average Joe shopping for a high priced vehicle at the Sacramento Auto Malls. Frank Yan has read that the US Federal Reserve has calculated that more than 45% of US families spend more than they earn. Not good…
The problem with our personal debts is that it can become a bad trap. Bad debt for example and how you can be trapped by this bad debt can be seen with probably its most and popular common form – Credit Cards. Ideally, people should ensure to pay off their balance in full by the end of the interest free period to avoid paying these high interest rates set on these credit cards. It’s quite common and sad that people use their entire credit limit and make only the minimum payment required as a lower payment is an attractive number so people can assume to live a more comfortable life without any financial stress. This minimum payment is the worst and is usually just enough to cover the interest charges only. Combined with a high interest rate this makes credit cards a very expensive form of borrowing.
There are also people who spend equals to what that they earn. If someone is spending everything they earn, it is obvious they are not saving anything or investing any of their earnings. This bad habit will make it very hard, if not impossible, for them to become wealthy in the future. It also means that they will more than likely need to borrow more money in the down the road to fund larger purchases. And so… The debt financial trap begins…
Develop Your Financial Discipline and Intelligence
Let’s return to Frank’s earlier example of credit card disaster. First question would be do you really need one? The emergency of Mastercard/ Visa debit cards and including Paypal has eliminated some of the benefits that credit cards traditional have Example: The ability to make purchases over the internet or telephone. If you do decide you still want a card, you will often be tempted with a higher credit limit, higher than you would have expected. Remove the temptation. By reducing the limit to one where you wouldn’t be scared if the card reaches its full limit. As mentioned earlier, ensure you pay off your balance in full each month to avoid paying these high interest percentages and building up a large amount of debt.
Reduce Your Spending Consumption
First step here is to identify and to eliminate conspicuous consumption. What Frank means is the buying of things you don’t need or want. Second thought is, distinguish your wants from needs. As you begin to identify things as wants, you will reassess whether or not you really want to spend your money on that purchase. Last thing is, set some short to long term financial goals. Use motivation to control your immediate consumption of spending. Example, which you want to go for a well-deserved away from Sacramento vacation across seas in your short term goal. You will find it far much easier to resist purchasing that new item you saw if you can associate this with the goal of an overseas get a way.
Bringing These Two Solutions Together
The best way to bring these two solutions together is financial discipline and controlled consumption. Start to budget and live by it. A budget is simply a plan that allocates your future income towards expenses, savings and debt repayment.
If you don’t like the idea of creating a budget, a simpler way to ensure you spend less money than you earn is to Pay Yourself First. Set up an automatic system to Pay Yourself First. Avoid paying for purchases via your credit you can relax knowing that you are spending less money than you earn.
If you are struggling with debt and/ or excessive consumption of spending, be clear that spending less money than you earn will involve some short term sacrifices and lifestyle changes. These changes will be way more positive as you begin to take control of your finances sensibly and putting yourself on the road to wealth.
Frank Yan of Sacramento posts a related article: The Debt Forgiveness Relief Act
Let's face it, Frank Yan of Sacramento says that we are all looking to reduce costs some how, whether it is just to make spending less than we earn and get by, or because we should be putting more away for the kids college and for retirement. Frank Yan had put together a checklist of ways you could possibly save money.You may save just a fraction little, or a whole lot, but either way it all counts if it ends up in the right place your bank account
Before you go down this list, let's begin gathering all of your monthly bills and put them in one place. It helps to track all of your expenses for thirty days (you’ll be amazed what you waste money on) Prepare a spreadsheet that accounts for your income and every one of your expenses, whether they’re daily, weekly, monthly and yearly. From there it is like a fun game to
go down the list to see how much you can save as you keep tracking the next few months expenditures.
1. Refinance your home mortgage.
Frank Yan has saved many consumers in Sacramento and arcross the States by helping those consumers re-mortgage their home. By calling a mortgage broker or your current lender and see if you can take advantage of today’s current interest rates.Even the difference of 1% in interest rate can save you tens of thousands of dollars over the life of the loan.
2. Shop out your homeowners insurance.
Call your homeowners insurance representative and ask if there are better policy prices, or shop around for other insurance carriers a little. Frank Yan has learned that Simple things
alarm service may also lower your homeowner’s bill.
3. Always get your property taxes reassessed.
When your price of your propety goes up in value, your county and city taxes you more based on the value of your property. The same with when your property value goes down, you may be eligible for a property tax reduction. Call your local assessor’s office and you should never pay anyone to submit the application for you.
4. Bundle your internet, cable, and home phone services together.
These 3 services can get time consuming as wellas expensive, so give a few carriers a call and ask about bundled packages to save money.
5. Review your cell phone plan.
Contact your carrier and ask to review your usage of minutes and the plan. You may be over paying for something you never use. If their are multiple cell phone users in your family, consider a shared family plan. In addition if you have a home phone that you don’t really need, it’s a good time to cancel it.
6. Ask your credit cards companies to lower APRs.
Credit cards will always reward good customers with lower APRs, or by fixing a low interest rate if you’re in a variable one.It’s a good time to get a grasp on how much you owe and what your repayment plan is if you owe more than 30% of your total available balance and/or are paying only minimum payments every month, it’s time to make a money-saving change.
7. Re price your auto insurance.
Every year, your car gets a year older and your driving record may have changed That means it’s time to call your insurance agent and ask if there are any discounts available or higher
deductible plans.
8. Always know your credit score.
Every year, inaccuracies, errors and even old items can cost many consumers countless millions of dollars. Frank Yan suggests that you should pull your credit every 6 months. (you can do it once for free with each bureau) and make sure your credit is clean. A good score can save you a bundle when it comes time to applying for a home loan, refinancing, getting an auto or business loan, or even when applying for insurance.
9. Check your health insurance premiums.
You can save money if you don't go to the doctor much or even if you lost a few lbs or want to increase your deductible. It never hurts to ask, or shop around.
10. Check for bank fees and credit card annual fees.
Adding insult to injury, many financial institutions charge US for the privilege of making THEM money.But that doesn’t mean you need to stand for it check to see what kind of fees your bank and credit card companies are charging you and don’t be afraid to take your business elsewhere.
Posted in Blog
Frank Yan of Sacramento posts a related article: Supplemental Car Insurance Frank Yan of Sacramento says that when we decide to move into a condo, we may not realize that there is isn’t a need to shop for condo owners insurance. After all, we are paying association fees, part of which goes toward a condo [...]
Frank Yan of Sacramento posts a related article: Supplemental Car Insurance
Frank Yan of Sacramento says that when we decide to move into a condo, we may not realize that there is isn't a need to shop for condo owners insurance. After all, we are paying association fees, part of which goes toward a condo association insurance policy. However, these 2 types of insurances have very different coverages, so it is prudent to have both types of policies.
A condo association policy covers the condominium complex as a entire whole. Specifically, it protects important and common areas against damage and structural assets. You and the other condo residents make use of these areas like walkways, elevators, outer walls, swimming pools, etc. That’s why you pay for a portion of the insurance through your association fees.
Nevertheless, the association policy may not cover the interior of the condo that you live in. If a water pipe bursts and damages your possessions, or if they are stolen during a burglary, the association policy will not cover you. Condo owner’s insurance fills that gap.
Condo owners insurance works similar to homeowners insurance. It covers the condo unit against perils, fire, and fire. It also comes with personal liability insurance to cover damage you may accidentally cause to others property or injuries to visitors at your condo.
For the best piece of mind, it pays to have your condo fully insured through both your own policy and the one held by the condo association. Frank Yan suggest to contact your local Sacramento Insurance Policy Holder.
This content is offered for educational purposes only and does not represent any contractual agreements. The definitions,coverages and terms in a given policy can be different than those suggested here and such policy will be governed by the language contained therein. Frank Yan states no warranty or appropriateness for a specific purpose is implied and expressed.
Posted in Blog
Frank Yan of Sacramento posts a related artlce: Home Prices: Biggest Rise in More Than 2 Years Sacramento resident, Frank Yan has seen rising home prices continue to pull underwater homeowners into positive equity positions in Sacramento and the entire nation, with 791,000 additional properties returning to a situation in which the borrower no longer owes [...]
Frank Yan of Sacramento posts a related artlce: Home Prices: Biggest Rise in More Than 2 Years
Sacramento resident, Frank Yan has seen rising home prices continue to pull underwater homeowners into positive equity positions in Sacramento and the entire nation, with 791,000 additional properties returning to a situation in which the borrower no longer owes more than the home is worth in the third quarter, CoreLogic (CLGX) said Tuesday.
The Irvine, Calif based research firm reported that as of 3Q, the total number of mortgaged properties with equity remains at 42.6 million, and of those, only 6.4 million or 13% of all properties remained in negative equity by the end of the third quarter. This is down from 7.2 million upside homes in the second quarter of this year.
Negative equity is usually the result of declining property values or an increase in mortgage debt, CoreLogic points out.
The overall national value of negative equity continues to fall as home prices rise, giving more homeowners a chance to benefit from refinancing or selling opportunities. Aggregate negative equity in the U.S. hit $397 billion in 3Q, down from $430 billion at the end of the second quarter and a $33.7 billion slide.
CoreLogic attributes the sudden rise to improving home prices, but of those 42.6 million properties with positive equity, 10 million have less than 20% equity, leaving them in a situation where it’s still hard to refinance due to underwriting constraints.
Borrowers with less than 5% equity remain at risk of becoming upside-down if home prices begin to fall again.
"Fewer than 7 million homeowners are underwater, with a total mortgage debt of $1.6 trillion," said Mark Fleming, chief economist for CoreLogic. "Negative equity will decline even further in the coming quarters as the housing market continues to improve."
The state of Nevada had the highest percentage of mortgage properties in negative equity at 32.2%, followed by Florida (28.8%), Arizona (22.5%), Ohio (18%) and Georgia (17.8%).
Posted in Blog
Frank Yan of Sacramento posts a related article: Information Thats Hits Us Where We Live Frank Yan of Sacramento says thate mortgage rates faces North for the begining of 2014. Freddie Mac’s 30 year fixed-rate mortgage climbing to 4.53% and the 15 year fixed-rate mortgage climbing to 3.55%. Frank Nothaft, Freddie Mac’s chief economist, stated [...]
Frank Yan of Sacramento posts a related article: Information Thats Hits Us Where We Live
Frank Yan of Sacramento says thate mortgage rates faces North for the begining of 2014. Freddie Mac’s 30 year fixed-rate mortgage climbing to 4.53% and the 15 year fixed-rate mortgage climbing to 3.55%. Frank Nothaft, Freddie Mac’s chief economist, stated “rising consumer confidence a strong showing for home prices in the most recent S&P/ Case-Schiller Indices, and a slight gain in pending home sales for November 2013” as reasons for the rate increase. He added that these indicators are all “signs of a stronger economic recovery”
