No More Up Front Fees From Debt Settlement Companies

Debt settlement companies will now be required to tell you how much debt will be reduced by showing you agreements from your creditors. Then if you agree to move forward in the process they will be allowed to charge you a fee.

The rule was setup under the Telemarketing Sales Rule by the FTC, therefore the new rule only applies to companies selling service by phone.

With that said, companies will most likely setup appointments over the phone and then meet with you face to face to do their presentation so they can still collect a fee.

Source: cnnmoney.com

White Rock Marathon Course

It appears the White Rock Marathon which is scheduled for Dec. 5th will be starting and ending at Fair Park this year. The course as outlined aboved will snake around several main thoroughfares and neighborhoods in Dallas. If you live or commute in these areas you may want to keep this in mind or mark your calendar for Dec. 5th as there will surely be a surplus of traffic and congestion along the marathon route. If you are interested in running or volunteering for this event you can get additional info at http://www.runtherock.com/.

Mortgage Rate History Through September 2010

Mortgage rates have taken a huge dive as shown below. There is no doubt that now is a good time for buyers to jump with these low rates and plenty of inventory to choose from. One thing we do know is that mortgage rates are low right NOW! There is no telling what will come in the future with the elections just around the corner on Nov. 2nd. With a possible shift in Congress there is no telling what will happen next year with the housing industry or mortgage rates. So get it while it's hot folks.



TX / OU WEEKEND 2010

TX / OU weekend is once again upon on us. The University of Texas Longhorns and the Oklahoma Sooners head to Dallas, TX to battle it out at the Cotton Bowl on Saturday October 2nd in the Battle Of The Red River.

The city of Dallas welcomes the visitors who will attend this yearly event. This annual event brings in thousands of tourism dollars to the city. In addition to the game we also have the State Fair of Texas going on as well. The traffic will be tested once again this year as people decide whether or not to ride the DART rail after last years fiasco.  Has the public transportation been worked out? Will we see another debacle as we did in 2009? We shall see.

But no matter the outcome of the game make sure to stop by the State Fair and pick you up a turkey leg and funnel cake and head on over to the Midway to enjoy some fun rides.

Fannie Mae Offering Assistance To Service Members

Fannie Mae says it will reduce or suspend mortgage payments for up to six months for military families if they are unable to pay because of the injury or death of a service member.

Military member or surviving spouses should contact their mortgage company or call this special military phone number: (877) MIL-4566.



Source: Associated Press (09/27/2010)

Mortgage Rates Sink To 4.32%

Mortgage rates drop again to the lowest level on record. Average interest on a 30 year fixed mortgage fell this week to 4.32%. Interest on 15 year loans have dropped to 3.75%.

What will it take to get buyers out and shopping for homes? If these low interest rates don't do it I don't know what will. What are your thoughts?

Source: Boston Globe (10/01/10)