Your financial well being: A 12-step program - 2004-01-11
1. Give every $20 bill a second pause.
Before you buy that next U2 cd, think about whether you really need that compact disc, flashy lipstick, bargain sweater or dinner out.
4. Plan for higher mortgage rates.
The rates are likely to climb higher, possibly before the end of the year. Doug Duncan, senior vice president and chief economist for the Mortgage Bankers Association, said he expects the 30-year fixed rate mortgage to hit 6.5 percent or 6.7 percent by late in the year.
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