Freddie Mac’s recent Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage slipped to 3.78 percent yesterday, a slim drop from the averaged 30-year fixed-rate mortgage of last week which was 3.79 percent.

In the meantime, the 15-year fixed-rate mortgage remained unchanged from last week’s average 15-year fixed-rate mortgage at 3.04 percent, this according to Freddie Mac.

“Mortgage rates were virtually unchanged this week with fixed-rate loans remaining at record lows and helping to drive homebuyer affordability,” Frank Nothaft, vice president and chief economist of Freddie Mac, in a statement said.

Two home affordability indexes, the National Association of Home Builders/Wells Fargo Housing Opportunity Index and National Association of Realtors (NAR) Housing Affordability Index, show record high home affordability in the U.S.

The home affordability index of the National Association of Home Builders/Wells Fargo shows that 77.5 percent of the existing and new homes that were sold in the nation from January to March this year were affordable to families earning the national median income of $65,000.

The composite quarterly housing affordability index of NAR, meanwhile, shows that the housing affordability index jumped to 205.9 in January to March of this year.

NAR reported that this is the first time that the composite quarterly housing affordability index hit the 200 mark since 1970, the start of housing affordability index recordkeeping.

NAR’s index is based on the relationship of these three factors: median home price, average mortgage interest rate and median family income.

“For those with good credit, we’ve never seen better housing affordability conditions or market opportunities than we see at present,” NAR President Moe Veissi, in a statement said.

Barry Rutenberg, chairman of the National Association of Home Builders, in a statement said, “Homes in this year’s first quarter were more affordable than they have been at any time in more than 20 years, yet many potential sales are not happening because of overly tight lending conditions that are keeping hardworking families from obtaining a suitable mortgage.”

The chairman of the National Association of Home Builders added, “Without this (tight lending condition) significant hurdle, the housing and economic recovery could be proceeding at a much stronger pace.”

While waiting for money falling from a visionary tree might seem being trapped in an illusion, you can surely make yourdream of being financially independent come true by applying for grants from the Government. The Government endows free money in the form of grants to all those who are in need ofmoney for fulfilling their necessities and wants.

The Federal Government of USA renders grants for innumerable purposes todifferent sections of society depending on their need for money. This financial subsidy lends a hand to people who wish to study,start their own business set – up, research on innovative subjects that may help the country bolster its growth and progress, etc. The main agenda of the Government behindgranting this financial support is to reduce the gap between the affluent and the indigent.

Educational grantsform a pivotal part of this scheme opening doors for maximum number of people to pursue their educational interests. Meeting the basic criteria of being above 18 years of age for a US citizen is enough to benefit from the availability of free money. Many including women would have shunned their education pinned down by financial burden. However, the Grants for women introduced with the intention of boosting their statusvis-a-vismen in the society, makesit possible for them to carry on with their educational interests. Educationhas yet not evolved to be affordable for everyone, especially when it caters todistinctive areas including technology, research, medical, etc. With the help of technology educational grants, medical research grants and education research grants, it will be possible for people interested in such prominent areas to follow their interests.

Along with encouraging education catering to such notable fields, the Government endeavorsto enhance education from the grass root level, and hence introduces Graduation school grants.Stafford loan is another special type of initiative presented to students who are underprivileged and cannot afford other educational expenses that pertain to tuition and other educational expenses. While the college grants and scholarships may only allay one’s burden revolving around college fees, there are other extra expenses involved including tuition fees, purchase of books, etcthat may hinder one’s education. These low interest loans come as a rescuer helping students continue their education undisturbedas they are entailed to pay the amount only after the completion of schooling.

Students can opt for any type of Stafford loan: unsubsidized Stafford loan or subsidized Stafford loan. In caseof unsubsidizedstandard loan, the student has to pay the accumulated interest after completing education. On the other hand, the government takes on its shoulders the responsibility of paying the interest amount, when it offers unsubsidizedstandard loan. The eligibility criteria for subsidized standard loans and unsubsidizedstandard loan differ where students who are increasingly deprived will be preferred tothe latter mentioned one.

Government grants are hence a rewarding option for the underprivileged section of the society enabling them tosurmount their financial burden at ease. USA comprises of all the information catering to grants and its availability.

Rising debts are matters of serious concern and people do know it. You have multiple bills to pay off at the same time you are stressed off and desperately want to come out of this situation. For this you need to opt for various debt consolidation or debt settlement company to make you come out of debts. If you are able to make minimum payments then the problem that you are facing will not allow you to tackle huge number of bills, and for this debt consolidation is the best option ever known.

Going under this process remember that all your multiple bills are being consolidated under a single bill and your interest rate are reduced and your late fees and other charges may be pardoned. You are able to consolidate your bills or you can take out a debt consolidation loan or seek the help from a debt consolidation company.

Why it is necessary to be careful?

If you are seeking help from debt consolidation company, then you debts will be managed by professionals and thus you will get better rates for negotiation. However the debt consolidation companies have another set of aim they look for their own profit more than your welfare. Thus you need to be careful while undergoing debt consolidation and avoid committing silly mistakes.

What mistakes are those that are necessary to avoid?

Various mistakes are necessary to avoid while you opt for consolidation with the help of a debt settlement company. They do offer you some free debt solution but chargeable options are also there, but if you opt for the charged ones be aware of the clauses mentioned.

Do not having any kind of strategy: When you are thinking to consolidate your bills you must set a financial strategy in your mind. Putting the entire load on the debt company is not the solution. You must know how you will be able to pay towards consolidation. Consolidating bills do not mean getting rid of debts rather shuffling it a bit. Ultimately you are going to pay the debt not your company.

Selecting the wrong company: What you do next is to research well before you pick up any debt consolidation company. Check out the plans that they might offer you. You should also consider the history and details of the company. Fees that they charge are also an important factor when it comes upon choosing a debt consolidation company. You must search the details and make a comparative study and then choose out the one that suits you the best.

Not able to check your credit report: You should not go ahead or talk to any credit report company before you are able to carefully consider your credit report. It is also important to find out what they exactly earn and owe. This helps to ensure that they understand how much they are able to pay towards their consolidation amount. It is most important to know these details and thus determine the failure and success of the consolidation process.

Thus you need to be careful about the whole debt consolidation process before you pick any company to settle your debts at first hand.

Every day we read stories of scientists who are on their quest to develop machines that can see our future. Even if we go in traditional Indian fairs, we notice that palmists, who promise to foretell our future, are surrounded by a crowd of people. If there’s a movie wherein the protagonist can see the future, people rush to the cinema halls to watch it. Future is so mystical that anything associated with it constantly catches the attention of people. People want to know what’s going to happen with them and what does the future have in store for them. However, till the time we cannot see future, we need to plan our life well in advance.

Life has many unforeseen circumstances which we aren’t aware about till the time they strike us. Some of these incidents can leave us devastated if we aren’t properly prepared for them. There are a lot of other things which might require us to be prepared monetarily, such as abroad studies of our children, their marriage, any emergency medical treatments, early retirement etc. For everything, you need to have good money in hand. To cope up with the burden of expenses throughout our lives effectively, wealth management in India is highly popular.

Wealth management is effectively under all circumstances, be it a low earning person or someone with an exorbitant amount of money flowing in daily. Depending on personal lifestyles, everyone can set aside a certain amount of money for saving as a part of their investment plan. It’s important to note here that someone earning huge amounts of money but spending them all without keeping any aside for savings is at a disadvantageous position as compared to someone who earns moderately, yet saves a decent amount every month. The latter will at least have money catering to their emergencies whenever such a situation arises.

Wealth management solutions are effective for a lot of things. Here’s why you require wealth management:

Management of newly acquired finances: A lot of people set up new enterprises daily, out of which some go on to become a huge success. When people newly acquire wealth, they become a spendthrift and can’t seem to take control of their finances. To make sure you don’t spend all your money, you should hire financial planning services in India and make sure your money goes for investments.

Taking care of important events in life: Getting our children educated from good universities, helping them get a master’s degree abroad and getting their married with pomp are always some major considerations. To make sure you’ve enough wealth for all these purposes, you should start investing in different schemes as advised by your financial advisor.