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Tips To Save As Mortgage Rates Drop  The beginning of 2009 has brought an increase in mortgage refinances as rates drop and homeowners want to rid themselves of adjustable rate mortgages.Lower rates may mean that this is a good time to refinance, but lower monthly payments don't always translate into more savings. "Even though your monthly payment is lower, you might be paying more interest over the life of the new loan than you've got left to pay on your old mortgage," Mike Dubis, a Certified Financial Planner says. "Besides that, if you take out another 30-year mortgage, you might be still paying that thing when you're retired. Consider how much interest you'll be paying with a new loan in total, compared to what you've already paid with your old loan." Read more here. |
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Digital TV Transition Delay Derailed?  In an attempt to postpone the transition date from February 17 to June 12, the Senate passed a bill on Monday, Jan. 26 to delay the nationwide switch to digital TV signals. Fueled by worries that viewers aren't technically ready for the congressionally-mandated switch over, the reprieve will give consumer four additional months to to prepare for the digital switcheroo. However, backers of a plan to expedite passage of a delay of the mandatory digital transition date were dealt a blow on Wednesday, Jan. 28, as the move failed to garner the required two-thirds majority in the U.S. House of Representatives. Republicans opposing the measure managed to gather up 168 nay votes to prevent the extension passing with limited debate and no amendments. Click here for more information. |
