Consumer debt in America is rising at an alarming pace. The average household has thousands in credit card debt alone, followed by thousands in student loan debt and thousands more in auto loans. Add.
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Weekly mortgage applications rise 3.6%, a sign of hope for the spring homebuying season Mortgage application volume increased 3.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home increased 2 percent for the week – the first uptick in a month – a sign of optimism in the housing market.
An adjustable rate mortgage, or an "ARM" as they are commonly called, is a loan type that offers a lower initial interest rate than most fixed rate loans. The trade off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will go up or down accordingly.
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Rosemary Anderson, photographed here with her dog Riley, is part of a growing number of people over 50 with student loan debt. Rosemary Anderson, 57, is on the hook for $152,000 in student loans she.
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