What a week for interest rates! Rates have taken a wild ride lower over the last several months. This week however, rates have broken through new lows. The 10 year treasury bond hit historical lows on Friday, February 28 at 1.13%. This historical rate drop gives a generational opportunity for many homeowners to lower their monthly payments. What opportunity is there for consumers? Let’s take a look.

My Credit Plan has released its 2019 results – and it shows phenomenal success. The average Classic FICO® score increased 53 points for those who enrolled into My Credit Plan during 2019 – which means an improvement between 2 to 3 grades better in mortgage and auto loan terms. That is a lot of money saved by lower interest rates and fees.

FICO® announces the rollout of their new credit score, FICO 10. They warn consumers that this scoring model will lower their FICO scores by 20 or more points if you are a heavy user of credit cards. Most consumers are concerned about their FICO scores dropping going forward. There is one BIG issue practically every reporter has failed to mention. Sarah O’Brien at CNBC highlights this issue and how it will impact you, the consumer. Great job Sarah!

Experian™ claims it is offering consumers an opportunity to raise their credit scores. Is it real? Is it true? Experian unfortunately provides an incomplete picture of its Boost program.