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Archives for September 2009
The insurance fund that has been depleted by 95 bank failures this year will be replenished by insured institutions by having them prepay their estimated “quarterly risk-based assessments” for the fourth quarter of 2009 and for all of 2010, 2011 and 2012. In short, banks are prepaying their insurance fees until the end of 2012. The FDIC estimates that the total prepaid assessments collected would be approximately $45 billion which will be enough to replenish the insurance fund. How about future bank failures? If the FDIC collects the next three year’s of assessments now what will it do for money in the future? The economy is turning around this quarter but there are dozens of banks that are still in dire straits, see the Texas Ratio Bank List. If the economy turns sour again or GDP growth is slower than expected, the list will grow – will $45 billion be enough? The FDIC Board also voted for a three-basis point increase in assessment rates that will take effect on January 1, 2011 for seven to eight years. The special assessment will help the fund. The FDIC also has the ability to borrow $100 billion from the Treasury right away and up to $500 billion with the Treasury Secretary and the Federal Reserve’s approval.
Lower mortgage rates didn’t prevent the MBA’s mortgage application survey from declining. The Market Composite Index, which measures mortgage loan application volume, decreased 2.8 percent on a seasonally adjusted basis from one week earlier. Looking for today’s mortgage rates? Search our mortgage rate tables for home mortgage rates, refinance rates and jumbo mortgage rates in your state or zip code. Current Mortgage Rates The decline in current mortgage rates also didn’t prevent the MBA’s Refinance Index from decreasing this week on a seasonally adjusted basis. The Refinance Index, which measures mortgage refinance applications is down 0.8 percent this week. The Refinance Index decreased 0.8 percent from the previous week and the seasonally adjusted Purchase Index decreased 6.2 percent from one week earlier. Mortgage RatesThe average contract mortgage rate on a 30 year mortgage is down to 4.94 percent, down from the previous week’s average mortgage rate of 4.97 percent. Discount points also decreased to 0.94, down from the prior week’s average discount points of 1.12. The average contract mortgage rate for 15 year mortgages decreased to 4.34 percent this week, down from last week’s average contract mortgage interest rate of 4.41 percent. The average discount points decreased to 1.01 from 1.05 the prior week. One year adjustable mortgage rates decreased to 6.40 percent this week, down from the previous week’s average contract mortgage rate of 6.52 percent. Discount points increased to 0.29 from 0.28.
There are several requirements that have to be met to receive the checking account bonus. Only new business checking account customers are eligible and you have to open either an ExtraVantage Checking for Business, BusinessSmart for Professionals, or Business Direct from HSBC checking account by November 13, 2009. You also have to open an HSBC Debit MasterCard BusinessCard with PayPass and make three purchase transactions within 45 days of opening the account. The last requirement is you must also apply and be approved for an HSBC MasterCard BusinessCard Card and enroll in Rewards program by November 13, 2009.
The Federal Open Market Committee met last week and decided to keep the federal funds rate in a target range of zero percent to 1/4 percent because there is “substantial resource slack” that will keep a lid on inflation. Over the past year the Feds have been providing support to mortgage lending and housing markets by purchasing a total of $1.25 trillion of agency mortgage-backed securities. The FOMC also said it will gradually slow the pace buying mortgage-backed securities purchases and will complete their purchases by the end of the first quarter of 2010. Some housing analysts believe mortgage rates will immediately shoot up by 1/2 percent when the Fed stops buying these securities. Looking for the best mortgage rates? Search our bank mortgage rate tables for home mortgage rates, including conforming mortgage rates and jumbo mortgage rates in your state or zip code. Current Mortgage Rate Current Interest Mortgage RatesConforming 30-year mortgage interest rates are lower this week, the current 30-year mortgage rate is at 5.06 percent this week, down from the prior week’s average mortgage interest rate of 5.09 percent. Average 30-year CA mortgage rates are higher at 5.12 percent. The average conforming 15-year fixed mortgage rate is currently back under 4.50 percent at 4.47 percent, down from the prior week’s average bank mortgage rate of 4.59 percent. Average 15-year VA mortgage rates are a little higher at 4.49 percent. Mortgage rate refinance rates are in the same range as purchase rates. Jumbo Mortgage Rates CurrentAverage 30-year jumbo bank mortgage rates are down this week, current jumbo mortgage rates are at 5.98 percent, down slightly from last week’s average jumbo mortgage interest rate of 6.03 percent. The average 15-year jumbo mortgage rate is currently at 5.56 percent, up considerably from the previous week’s average mortgage rate of 5.36 percent. Current Mortgage Rates – Adjustable RatesCurrent adjustable mortgage rates are mixed this week. One-year conforming adjustable rate mortgages are at 4.36 percent this week, down from last week’s average adjustable mortgage rate of 4.50 percent. Jumbo one-year adjustable mortgage rates are at 5.31 percent, up from the average rate last week of 5.12 percent. The average rate on a conforming 3/1 home loan is at 4.41 percent this week, down from last week’s average rate of 4.50 percent. Jumbo 3/1 ARMs are averaging 5.55 percent this week, down from last week’s average mortgage rate of 5.75 percent. 5/1 conforming ARMs are averaging 4.20 percent, up from last week’s average rate of 4.13 percent. The average mortgage rate on a Jumbo 5/1 ARM is currently at 4.96 percent, down from the prior week’s average rate of 5.25 percent. Average rate for a 7/1 conforming ARM is at 4.63 percent this week, down from the prior week’s average rate of 4.68 percent. Jumbo 7/1 ARMs are averaging 5.72 percent, down from last week’s average rate of 6.31 percent. Average mortgage rates 10-year ARM are at 4.99 percent, up from last week’s average rate of 4.97 percent. 10-year jumbo mortgage rates are at 6.02 percent, down from 6.25 percent. Find current mortgage rates here: Mortgage Interest Rates
The 12 month certificate of deposit currently has an annual percentage yield of 1.95 percent, currently one of the best CD yields around for a 12 month CD. Discover Bank has very competitive bank cd rates these days. This bonus certificate of deposit promotion is available until December 31, 2009. To receive the $25 bonus you must deposit a minimum of $2,500 of new money, money not currently held in Discover Bank accounts, within 30 days of submitting a certificate of deposit application with Discover Bank. The funds must remain in the account for 90 days to receive the bonus. Discover Bank’s ”No Penalty CD” benefit applies to 12-month Certificates of Deposit and/or 12-month IRA certificates of deposit opened or renewed between July 1, 2009 and December 31, 2009 and held as a sole ownership or joint-tenant account. The No Penalty CD benefit waives the early CD withdrawal penalty fee in the event of an involuntary job loss. The offer can be found at http://www.discoverbank.com/cdoffer .You have to use an offer code to receive the bonus. You can try using this offer code: D120176 or some close variation of it. We successfully were able to use several variations by changing the last three numbers of the bonus offer code.
There are several online comparision shopping sites that give consumers the ability to compare auto insurance rates from several car insurance companies rather quickly. MonitorBankRates.com has an auto insurance search engine you can use to find insurance companies providing in auto insurance in your zip code. Find Auto Insurance Companies To regisiter a vehicle in most states you need to have auto insurance. Auto insurance also will pay medical expenses for your family, yourself and others if you have an accident. Auto insurance also will provide coverage for property damage to your vehicle, other vehicles and general property damage. Without auto insurance coverage you will be putting yourself at financial risk if you have an accident. How much car insurance coverage you need will be determined by the minimum amount of auto insurance you can carry in your state and the total amount of coverage you want. Be sure to compare the same types of insurance coverage each auto insurance company offers. The main types of auto insurance are liability insurance and collision insurance. Find auto insurance companies offering coverage in your zip code here. Auto Insurance Companies
The economy is expanding again this quarter and the recession is expected to end by the end of 2009. The Fed isn’t planning on raising interest rates because inflation still isn’t a concern at this point and the housing market is still weak. Any increase in rates will drive mortgage rates higher choking off any recovery. Bank CD Rates
CD Rates
Looking for the best CD rates? MonitorBankRates.com has a CD rate search engine you can use to find the best CD rates in your area. Best CD Rates Here
The CD rate and CD yield is tiered but right now is the same for all of the bank’s CD rate accounts including their high interest accounts (balances of $20,000 to $49,999), premier accounts (balances of $50,000+) and jumbo CD rates (balances of $100,000+). UFB Direct also has one of the best 12 month CD rates at banks. The 12 month certificate of deposit rate is currently at 1.98 percent and the annual percentage yield is 2.00 percent. The 12 month CD rates and yields are tiered just like the 6 month certificate of deposit. UFB Direct deposit accounts are opened through Waterfield Bank of Irvine California, a tradtional bank offering deposit accounts and mortgages.
Looking for the best mortgage rates? Search our mortgage rate tables for current mortgage rates, including conforming mortgage rates and jumbo mortgage rates in your state or zip code. Current Mortgage Interest Rates Average 15 year mortgage rates for the week ending September 17, 2009 stayed under 4.50 percent at 4.46 percent, with average discount points at 0.6 percent. The prior week’s average 15-year mortgage rate was at 4.47 percent. The 4.46 percent mortgage rate is a new low since Freddie Mac started tracking it in 1991. 5 year Treasury Indexed adjustable rate mortgages remained the same at 4.51 percent with an average discount point of 0.5 percent, for the week ending September 17. Last year at this time 5 year Treasury Index adjustable rate mortgages were at 5.67 percent. One year Treasury Indexed adjustable mortgage rates are at 4.52 percent, with an average 0.5 discount points, for the week ending September 17. Down from the prior week’s average mortgage interest rate of 4.58 percent.Today’s mortgage rates are lower than they were last year. Here are this week’s PMMS comments from Frank Nothaft, Freddie Mac vice president and chief economist. “Mortgage rates held relatively steady at three-month lows this week. Correspondingly, the Mortgage Bankers Association reported that mortgage applications jumped 12.8 percent over the week of September 18th to the strongest pace since late May, boosted by refinancing activity”. “In its September 23rd policy statement, the Federal Reserve (Fed) indicated that it plans to keep its benchmark interest rate exceptionally low for an extended period. This will likely benefit consumers who opt for ARMs, because they are typically tied to shorter-term interest rates. The Fed also noted that activity in the economy and housing market has picked up and financial markets have improved.”
Looking for the Best Car Insurance Rates? Start your search right here to find insurance companies providing in car insurance in your zip code. Best Car Insurance Rates Everyone needs auto insurance coverage to protect yourself and your family from injury. You also need auto insurance coverage to protect yourself financially from having to pay for any property damage if you have an accident. Most if not all states will not allow you to register your car until have insurance. Deciding on out how much auto insurance coverage you need will be based on the minimum amount of car insurance coverage you can have in your state. How much insurance coverage you fell comfortable having and how much you can afford will also be considerations when deciding on coverage. When you compare types of insurance coverage be sure you’re comparing apples to apples. The two main types of car insurance coverage are liability insurance and collision insurance. You can also have auto insurance coverage to pay for a rental car when your vehicle is being repaired. Find the best car insurance rates in your zip code. Best Car Insurance Companies
As a result of lower current mortgage interest rates this past week mortgage applications increased 12.8 percent on a seasonally adjusted basis from one week earlier. Looking for the best mortgage interest rate? Search our mortgage rate tables for current mortgage interest rates in your state or zip code. Current Mortgage Interest Rates 30 Year Mortgage RatesThe average contract mortgage rate for fixed 30-year home mortgage interest rates are now at 4.97 percent, a decline from 5.08 percent the previous week, with points increasing to 1.12 from 0.98. 15 Year Mortgage RatesThe average contract home mortgage loan rate for fixed 15-year mortgages remained at 4.41 percent this week, unchanged from the prior week’s average home mortgage interest rate with points decreasing to 1.05 from 1.12. One Year Adjustable Mortgage RatesThe average contract mortgage interest rate for one-year adjustable rate mortgages had a big decrease this week over last. The average mortgage rates decreased to 6.52 percent from 6.61 percent, with points increasing to 0.28 from 0.20. Lower mortgage interest rates drove the Refinance Index higher by 17.4 percent from the previous week. The MBA’s Refinance Index measures refinance mortgage application volume. The Federal Housing Finance Agency released the U.S Monthly House Price Index yesterday showing homes increased by 0.3 percent on a seasonally adjusted basis from June to July. For the 12 months ending in July home prices declined 4.2 percent.
Interest earned on the high yield savings account is compounded daily and credited to your account monthly. American Express Bank is also offering some of the best CD rates available these days. During the credit crisis of late last year American Express along with other financial institutions including Morgan Stanley and Goldman Sachs became bank bank holding companies regulated by the Federal Reserve. The main reason to become bank holding companies was to be able to collect deposits since the credit markets weren’t functioning during the crisis. Savings account balances are insured by the Federal Deposit Insurance Corporation for up to $250,000. Since savings accounts are variable rate accounts, the 1.85 annual percentgage yield can change at anytime. As with all savings accounts you are limited to six withdrawals per calendar month.
The minimum opening deposit for certificate of deposit accounts at MetLife Bank is $2,000. To earn the 1.50 annual percentage yield the minimum deposit is $25,000. Certificate of deposit accounts with balances between $2,000 and $14,999 earn an annual percentage yield of 1.00 percent. Certificate of deposit accounts with balances between $15,000 and $24,999 earn an annual percentage yield of 1.25 percent, still a high CD interest rate for 3-month banks CD rates. Interest earned on certificate of deposits is compounded daily and credited to the account monthly. All deposits are FDIC insured up to $250,000 until December 31, 2013. After December 31, 2013, FDIC insurance will return to $100,000 per depositor for each account category except Traditional IRAs (IRA CD rates)and Roth IRAs (and other certain retirement accounts), which will remain at $250,000 per depositor.
Looking for a balance transfer credit card or any other type of credit card? MonitorBankRates.com has a credit card search engine you can use to find the best credit card for your needs. Search for Credit Cards Here Another change these days in balance transfer offers is the balance transfer fee the credit card company will charge you for the transfer. The maximum transfer fee charge used to be a fix dollar amount, usually around $50 to $75 dollars depending on the credit car issuer. A few years ago the charge was changed to a percentage of the total dollar amount of the balance transfer, usually three percent. Then the average fee was raised to four percent. Now some banks have raised the fee to five percent of the total balance transfer amount. When you factor in the fee you are paying for the balance transfer the promo interest rate you are paying isn’t so attractive anymore. A five percent fee on a $15,000 balance transfer will come to $750. The zero percent offer is looking less like zero percent when you consider the transfer fee. If you are thinking of taking advantage of a zero percent balance transfer offer from your credit card company be sure to read the fine print on the balance transfer fee, do the math and make sure the transaction is worth it.
Looking for Life Insurance? Find insurance companies offering life insurance in your zip code: Find Life Insurance Companies Here How much life insurance you need really depends on your family’s income and the standard of living you wish to leave for your family when you are no longer around. The type of life insurance and amount of life insurance you need will also be determined by your family’s needs. You should decide on the total amount of life insurance you need and the type of life insurance you need while trying to maintain a balance between not having enough life insurance coverage or having to much insurance coverage and the cost becoming a financial burden. Having to much insurance coverage will be costly and affect your long term financial goals. Having to little life insurance isn’t an option either. Imagine your family grieving the loss of a loved one and then having to deal with financial issues as well, maybe even losing the home they live in. You must review your financial situation and choose the amount of life insurance that reflects your family’s needs in the future without under-insuring or over-insuring yourself. Having life insurance coverage for the bread winner of the home isn’t enough. You should also insure the primary caregiver who is raising the children, especially if you have younger children in the household. Start your search for life insurance companies offering coverage in your zip code right here: Find Life Insurance
Looking for mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find today’s current mortgage rates in your state or zip code. Find Currnet Mortgage Rates Some housing analysts believe we might see mortgage rates head higher later this year as the Federal Reserve winds down the program to purchase mortgage backed securities. The Fed has purchased $862 billion of the planned $1.25 trillion on mortgage backed securities. Also weighing on the housing market is the expiration of the $8,000 tax credit for first time home buyers. The credit is going to expire at the end of November. Housing analysts believe if the credit is allow to expire, home sales will suffer. Current Average Mortgage RatesThe average conforming 30-year mortgage rate is now just above 5.00 percent at 5.08 percent down from the prior week’s average mortgage rate of 5.18 percent. Conforming 15-year mortgage rates are averaging 4.50 percent, down from last week’s average mortgage rate of 4.71 percent. Average 30-year jumbo mortgage rates are at 6.00 percent this week, down from the previous week’s average rate of 6.03 percent. 15-year jumbo mortgage rates are up to 5.50 percent this week, up from last week’s average rate of 5.42 percent. Shorter term adjustable mortgage rates spiked higher this week over last week. Average conforming one-year adjustable mortgage rates are at 4.53 percent this week, up from last week’s average mortgage rate of 4.17 percent. Jumbo one-year adjustable rate mortgages had an even bigger increase, the current jumbo mortgage rate is at 5.02 percent this week, up from the prior week’s average loan rate of 4.56 percent. The average mortgage rate on a conventional 3-year ARM is currently at 4.47 percent, down from last week’s average rate of 4.67 percent. The rate on a jumbo 3-year ARM is currently at 5.45 percent, up from the prior week’s average jumbo mortgage rate of 5.15 percent. 5/1 conforming adjustable mortgage rates are averaging 4.25 percent this week, up from last week’s average rate of 4.22 percent. The average rate on a jumbo 5/1 mortgage is at 5.15 percent, down from the previous week’s average rate of 5.21 percent. The average conforming 7/1 adjustable mortgage rate is averaging 4.66 percent this week, down from last week’s average mortgage rate of 4.88 percent. Jumbo 7/1 ARMs are averaging 6.10 percent this week, up from the prior week’s average mortgage interest rate of 5.75 percent. Conforming 10-year mortgage rates are averaging 5.05 percent, up slightly from last week’s average rate of 5.04 percent. Jumbo 10-year ARMs are averaging 6.26 percent, up from last week’s average home loan rate of 6.01 percent. Home equity line of credit rates are down this week, current home equity line of credit rates are at 4.86 percent, down from the prior week’s average HELOC rate of 4.99 percent. Home equity loans are down this week over last, the average current rate for 15-year home equity loan is at 7.74 percent, down from last week’s home equity loan rate average rate of 8.53 percent. 10-year home equity loan rates are down to 7.62 percent, down slightly from the prior week’s average rate of 7.63 percent. MonitorBankRates.com also has rate tables you can use to find CD rates, savings account rates and checking account rates.
Some economists also believe GDP might actually grow in the third quarter between three and four percent. A stronger economy will eventually lead to higher interest rates. Higher rates on certificate of deposit accounts, online savings accounts and mortgage rates Bank CD RatesThe national average rate for 3-month certificate of deposits are down to 0.640 percent this week, down from the prior week’s average 3-month CD rates at banks of 0.705 percent. Average 6-month certificate of deposit rates are back under 1.oo percent at 0.918 percent this week, down from the previous week’s national average 6-month CD rate of 1.051 percent. You can find higher CD rates than the national average rates. The average one-year certificate of deposit rate is now at 1.201 percent, down from the prior week’s average CD rate of 1.441 percent. Currently, Maspeth Federal S&L is offering one of the best CD rates for a 12-month CD, their current rate is 2.10 percent. Average 18-month certificate of deposit rates are down to 1.357 percent, a decline from last week’s average 18-month CD rate of 1.622 percent. Broadway National Bank is offering one of the highest CD rates for an 18-month CD, their current rate is 2.30 percent. The average two-year certificate of deposit rate is at 1.651 percent this week, down from last week’s national average two-year CD rate of 1.879 percent. Average three-year certificate of deposit rates are down to 1.948 percent this week, down from the previous week’s average three-year CD rate of 2.201 percent. The average four-year certificate of deposit rate is now at 2.117 percent, down from the prior week’s average CD rate of 2.452 percent. Average five-year certificate of deposit rates are down to 2.442 percent, down from last week’s average five-year certificate of deposit rate of 2.772 percent.
The “Premier Savings Account” has a minimum opening balance requirement of $5,000. The funds deposited must be “new money”, money not currently with Webster Bank. The savings account has to be opened by September 30, 2009. The Premier Savings Account annual percentage yield will stay fixed at 1.75 percent until November 30, 2009. As with all variable savings accounts the rate and yield can change at any time after November 30. A Premier Checking Account is also required to receive the great interest rate on the savings account. Webster Bank has been around since 1935 and has branch locations in Connecticut, Massachusetts, Rhode Island and New York. To open the Premier Savings Account you can either call 1-800-4webster or print this coupon: Premier Savings Account
Current Adjustable Mortgage RatesAverage shorter term adjustable rate mortgages are also down. Conforming one-year adjustable mortgage rates are at 4.34 percent, down from 4.48 percent set on Monday. 3-year conforming adjustable rate mortgages are down to 4.46 percent, down from Monday’s rate of 4.65 percent. Average conventinal 5-year adjustable rate mortgages are up to 4.30 percent, up from Monday’s average mortgage rate of 4.26 percent. 5-year jumbo ARMs are averaging 5.16 percent, down from Monday’s average rate of 5.22 percent. Current mortgage rates for a conforming 7-year ARM is at 4.65 percent, down from 4.87 percent set earlier this week. The average jumbo 7/1 mortgage rate is currently at 5.89 percent, up from Monday’s rate of 5.84 percent. Conforming 10-year mortgage rates are averaging 5.11 percent, unchanged from Monday’s average 10-year mortgage rate. The average jumbo 10/1 adjustable rate mortgage is at 6.08 percent, up from Monday’s average rate of 6.06 percent.
Certificate of deposit account balances between $2,000 and $14,000 receive an annual percentage yield of 1.25 percent. Certificate of deposit account balances between $15,000 and $24,999 receive an annual percentage yield of 1.75 percent. To receive this promo CD rate be sure to mention offer code Sally10. MetLife Bank has been around since 2001 and is the banking arm of Metropolitan Life Insurance Company. All deposits are FDIC insured up to $250,000 until December 31, 2013. After this date, FDIC insurance will return to $100,000 per depositor for each account category except Traditional and Roth IRAs (and other certain retirement accounts), which will remain at $250,000 per depositor. MetLife Bank is also offering 9 month CD rates that have an annual percentage yield of 1.65 percent for balances of $25,000 and over. The bank is also offering a money market account that has an annual percentage yield of 1.50 percent for account balances of $25,000 and over.
Looking for mortgage interest rates? MonitorBankRates.com has mortgage rate tables you can use to find today’s current mortgage rates in your state or zip code. Find Today’s Mortgage Rates here Current Mortgage RatesThe average 15-year mortgage rate has hit an all time record low of 4.47 percent with 0.6 discount points for the week ending September 17, 2009, a decline from 4.50 percent the week before. Five-year Treasury-indexed adjustable mortgage rates are unchanged at 4.51 percent with an average 0.5 discount points. Last year at this time 5-year adjustable rate mortgages were averaging 5.67 percent. One-year Treasury-indexed adjustable mortgage rates at at 4.58 percent with 0.5 discount points for the week ending September 17, 2009. Last week’s one-year adjustable rate mortgages were averaging 4.64 percent. Freddie Mac’s Primary Mortgage Market Survey doesn’t include jumbo mortgage rates. Monitorbankrates.com reported on Monday that current jumbo mortgage rates were down from the prior week. The average rate for 30-year jumbo mortgage is at 6.00 percent, down slightly from last week’s average mortgage rate of 6.02 percent. Fixed jumbo 15-year mortgage rates are at 5.55 percent this week, up from last week’s average 15-year jumbo mortgage rate of 5.46 percent.
Looking for Car Insurance Quotes? MonitorBankRates.com has a car insurance search engine you can use to find insurance companies providing in car insurance in your zip code. Find Car Insurance Companies Everyone needs to have car insurance to protect yourself and others from bodily injury or property damage if you have an accident. Most states will not allow you to register your car until you show proof of insurance. How much car insurance coverage do I need? The minimum amount of auto insurance you can carry is set by the state you reside in, you can use the minimum coverage your state has mandated as a starting point. Be sure to compare the same types of insurance coverage each insurance company offers. The main types of car insurance are liability insurance and collision insurance. Find car insurance companies offering coverage in your zip code here. Car Insurance Companies
Looking for Life Insurance? Use our life insurance search engine to find life insurance companies offering quotes in your zip code: Life Insurance Rate Search Engine The amount of life insurance you need really depends on the amount of income you have and the standard of living you wish to leave for your dependents when you’re gone. The amount of total assets you have also comes into consideration. Basically, the type of life insurance and amount of life insurance you need will also be determined by your family’s needs. You should choose an amount of life insurance and type that is determined by the needs you are trying to satisfy while maintaining enough life insurance coverage without the cost becoming a financial burden. Having too much insurance coverage can be costly and affect your long term financial goals. Having too little life insurance coverage isn’t an option either. Imagine your family grieving the loss of a loved one and then having to deal with financial issues as well, maybe even losing the home they live in. One must assess their financial situation and choose the amount of life insurance that reflects your family’s circumstances without under-insuring or over-insuring. Having the proper amount of life insurance coverage for the provider of the home isn’t enough. Your family should also insure the caregiver raising the children especially if you have younger children in the household. Child care is very costly.
Looking for current mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find today’s mortgage rates in your state or zip code. Find Current Mortgage Interest Rates here The average contract mortgage rate for 30-year fixed mortgages increased to 5.08 percent from 5.02 percent, with points decreasing to 0.98 from 1.23 for the week ending September 11, 2009. In Feddie Mac‘s recent Primary Mortgage Market Survey released last Thursday the average conforming 30-year mortgage rate was at 5.07 percent. 15-year fixed home mortgage rates were down to 4.41 percent from 4.45 percent, with points decreasing to 1.12 from 1.13 for the week ending September 11, 2009. In Freddie’s PMMS survey 15-year mortgage rates were averaging 4.50 percent. The average contract mortgage interest rate for one-year adjustable mortgage loan rates decreased to 6.61 percent from 6.69 percent, discount points increased to 0.20 from 0.19. One-year Treasury-indexed adjustable rate mortgages are at 4.64 percent according to Freddie’s survey released last Thursday. Current 30-year jumbo mortgage rates are at 5.99 percent according to our weekly mortgage rates survey released yesterday, down from last week’s average home loan rate of 6.02 percent. The average rate for 15-year jumbo mortgages is up to 5.53 percent, an increase from last week’s average rate of 5.46 percent. Mortgage applications decreased in the latest MBA survey. The MBA’s Market Composite Index (adjusted for the Labor Day Holiday), which measures mortgage loan application volume, decreased 8.6 percent on a seasonally adjusted basis from one week earlier. The Refinance Index, a measure of mortgage refinance applications, was down 7.4 percent from the prior week and the seasonally adjusted Purchase Index was down 10.3 percent to from one week earlier.
Looking for the lowest mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find the best mortgage rates in your zip code. Find Mortgage Interest Rates here Average jumbo mortgage rates are mixed today, 30-year jumbo rate mortgages are lower and 15-year jumbo mortgage rates are higher. Current 30-year jumbo mortgage rates are just under 6.00 percent at 5.99 percent, down from last week’s average mortgage rate of 6.02 percent. The average rate for 15-year jumbo mortgages is up to 5.53 percent this week, a slight increase from last week’s average rate of 5.46 percent. Adjustable rate mortgages are lower today, current 5/1 adjustable mortgage rates are at 4.34 percent, up from the prior week’s average rate of 4.32 percent. Wells Fargo is currently advertising conforming 5/1 adjustable rate mortgage at 4.00 percent.
Car insurance is a must to protect yourself and others from costs incurred by injury or property damage if you’re involved in an accident. You must have car insurance to register your vehicle. Looking for Car Insurance? MonitorBankRates.com has a car insurance search engine you can use to find insurance companies providing in car insurance in your zip code. Find Car Insurance Companies Here The biggest question when shopping for car insurance is how much coverage do I need? The minimum amount of car insurance you can carry is usually set by the state you live in, so you can use the minimum coverage as a starting point. In addition, you will have to determine the minimum amounts you want for each type of insurance coverage. Types of car insurance coverage include collision insurance, which pays for damage to your vechicle if you collide with another vehicle or object. If your car is financed, the lien holder will require you to maintain a certain level of coverage just in case of loss or damage. Comprehensive insurance coverage pays for damage or loss to your auto from other sources other than collision, like fire, theft, etc. Banks will require you to have comprehensive coverage if your auto is financed. Medical coverage pays for a limited medical expenses for you or a passenger is injured in an accident. Other types of coverage include towing expenses and rental car expenses during the time your car is being repaired. Car insurance policies will pay a certain daily dollar amount for a rental car for a certain amount of time, usually for a month. Now that you have determined what types of coverage you need and want start your search for the best car insurance rates. When you’re comparing rates be sure to compare apples to apples, the amount of liability coverage is usually quoted as 25/50/25, which means up to $25,000 in bodily injury coverage person/ up to $50,000 if two or more persons are hurt/ up to $25,000 in property damage. Tip: A good place to start is with an insurance company you already have a relationship with. Some insurnace companies will give you a discount on auto insurance rates if you already have home owners insurance or other types of insurance with them. MonitorBankRates.com has a comparison tool you can use to start your search for the best auto insurance rates from insurance companies in your zip code.
The housing market is stabilizing thanks to current low mortgage rates, the Standard & Poor’s Case-Shiller Home Price Indices has showed home prices stabilizing and actually increasing in metropolitan regions across the United States. This past week, the Mortgage Bankers Association’s weekly mortgage application survey showed mortgage volume increasing thanks to lower current mortgage rates. Mortgage loan applications were up for home purchases and mortgage refinancing. Looking for mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find the best mortgage rates in your zip code. Find current mortgage rates here Today’s Mortgage RatesFixed conforming 30-year mortgage rates are down to 5.15 percent this week, a decrease of 0.08 percent from last week’s average mortgage rate of 5.23 percent. The average rate for 30-year jumbo mortgage is at 6.00 percent this week, down slightly from last week’s average mortgage rate of 6.02 percent. Fixed conforming 15-year mortgage rates were down substantially this week over last, the current average mortgage rate is 4.57 percent, down from last week’s average loan rate of 4.75 percent. Fixed jumbo 15-year mortgage rates were up to 5.55 percent this week, last week’s average mortgage rate was 5.46 percent. Adjustable mortgage rates were also mixed this week over last week, conforming 0ne-year adjustable rate mortgages are down to 4.30 percent, down from the prior week’s national average mortgage rate of 4.48 percent. Jumbo one-year adjustable rate mortgages were down slightly to 4.61 percent from the prior week’s average mortgage rate of 4.62 percent. Conventional 3/1 adjustable mortgage rates were up to 4.65 percent this week, last week’s average mortgage interest rate was 4.64 percent. Jumbo 3/1 adjustable rate mortgages are averaging 5.08 percent, a big drop from last week’s average rate of 5.40 percent 5/1 conforming adjustable mortgage rates are averaging 4.32 percent, unchanged from the prior week’s average mortgage loan rate. Jumbo 5/1 adjustable rate mortgages are averaging 5.15 percent, down from the previous week’s average rate of 5.17 percent. Interest Only Mortgage RatesJumbo 3/1 interest only mortgage rates are down to 5.30 percent this week, a big decrease from the prior week’s average mortgage rate of 5.56 percent. Conforming 3/1 interest only mortgage rates are up slightly to 4.65 percent, up from last week’s average IO mortgage rate of 4.64 percent. Home Equity Loan Rates15-year home equity loan rates are averaging 7.74 percent this week, down from the prior week’s average rate of 8.53 percent. 10-year home equity loan rates are also down this week, the current rate is 7.62 percent, down from the prior week’s average rate of 7.64 percent.
Current jumbo mortgage rates are also lower this morning, 30-year jumbo mortgage rates are at 6.00 percent, down from the prior week’s average rate of 6.02 percent. 15-year jumbo rate mortgages are up this week over last, current 15-year jumbo mortgage rates are at 5.55 percent, up from 5.46 percent. 15-year home equity loans had a big move down this week, the average rate for a 15-year home equity loan is 7.74 percent, down from the prior week’s average rate of 8.53 percent. Current Mortgage Rates as of 9/13/09
Within 60 days of account opening you must initiate a monthly direct deposit which includes payroll, pension, Social Security or other government benefits, or make five debit card purchases. The bonus will be automatically deposited into your new checking account within 10 business days after the initial direct deposit or five debit card purchases have posted to your account. The Bonus is not considered part of minimum opening deposit. There is a limit of one checking account-related reward/premium per customer, per calendar year. This $100 checking bonus offer is not available to existing Chase checking customers. You can receive the $100 checking coupon by email here. Chase Bank $100 checking account bonus.
The national average rate on a 6-month certificate of deposit is at 1.05 percent as of today, so H&R Block’s 6-months CD rate one of the highest CD rates around. The minimum opening deposit is $10,000. The penalty for an early withdrawal is 30 days of interest. Act fast because this promo CD rate ends at September 30, 2009.
Find the best savings account rates in your area by searching our savings rate tables here: Savings Account Rate Tables The minimum monthly balance required to earn this high yield is also only $1.00. The bank also guarantees the rate you receive will be within the top 10 percent of competitive accounts. Savings accounts are insured by the FDIC for up to $250,000 until December 31, 2013. The national average rate for a money market account/savings account is a lot lower, the current average rate is 0.47 percent for accounts up to $2,500. For money market/savings account balances up to $5,000 the current average savings rate is 0.54 percent. One-year CD ratescan be found for a rate similar to UFB Direct’s savings account if you want to lock the rate in.
Reward checking account rates can be as high as 4.00 percent these days for balances up to a certain dollar amount, you also have to do a certain number of checking account transactions each month to qualify for the rewards checking rate. A Federal Reserve payments study showed a sift away from paper based transactions like check and cash to electronic payments like debit card purchases. Automatic deposits have also increased over the past several years. The number of debit card purchases increased from 15.6 billion in 2003 to 25.3 billion in 2006.
Looking for the best bank rates? MonitorBankRates.com has CD Rate tables, Checking Account Rate Tables, Savings Account Rate Tables and Mortgage Rate tables you can use to find the best rates available today.
Today’s conforming 30-year fixed rate mortgage is at 5.07 percent, down from last week’s average mortgage rate of 5.08 percent with an average 0.7 discount points. The average 15-year mortgage rate is also down this week, currently 15-year mortgage rates are averaging 4.50 percent with 0.7 discount points, down from the previous week’s average 15-year mortgage rate of 4.54 percent. Adjustable rate mortgages were mixed this week, the average 5-year adjustable rate mortgage is at 4.51 percent this week with an average 0.5 discount points. Last week’s average 5-year adjustable mortgage rate was at 4.59 percent. Last year at his time the average 5-year ARM was near 6.00 percent. The average one-year Treasury indexed adjustable mortgage rate is current at 4.64 percent with an average 0.6 discount points this week, up from the prior week’s average rate of 4.62 percent.
Banks that have paid back money they borrowed from the Troubled Asset Relief Program (TARP) must be partly fueling the increase in CD rates to shore up their cash reserves. Find the highest CD rates available by seraching our CD rate tables here. CD Rate Tables Current CD RatesThe national average certificate of deposit rate for a one-year CD increased to 1.461 percent this week, up from the prior week’s average CD rate of 1.458 percent. Almost two weeks ago one-year certificate of deposit rates were averaging 1.234 percent. 3-month certificate of deposit rates are averaging 0.720 percent this week, up from the prior week’s average rate of 0.716 percent. On September 1, 3-month CD rates were averaging 0.666 percent. The average certificate of deposit rate for a 6-month CD is currently at 1.058 percent, a slight increase from last week’s average CD rate of 1.057 percent. Two weeks ago 6-month CD rates were under 1.00 percent at 0.950 percent. 18-month certificate of deposit rates are averaging 1.642 percent, up from the previous week’s average CD rate of 1.606 percent. The low for a 18-month CD in the beginging of September was 1.390 percent. The average certificate of deposit rate for a 2-year CD is 1.901 percent, up from last week’s average CD rate of 1.874 percent. Two weeks ago the national average 2-year CD rate was 1.672 percent. 3-year certificate of deposit rates are up to 2.229 percent this week, an increase from last week’s average rate of 2.241 percent and up from the recent low of 1.967 percent. The national average certificate of deposit rate for a 4-year CD is at 2.452 percent this week, up from the prior week’s average CD rate of 2.391 percent. The September 1st low was 2.187 percent. 5-year certificate of deposit rates are averaging 2.772 percent this week, up from last week’s average rate of 2.676 percent, also up from the recent low of 2.445 percent.
Find current CD rates in your zip code by using our CD rate search engine here. Current CD Rates Other banks that come close to Citibank’s 5-year certificate of deposit rate include E-Loan, their 5-year certificate of deposit yield is at 3.40 percent and Ally Bank, their 5-year CD yield is currently at 3.30 percent. Citibank’s 4-year certificate of deposit rate is currently at 2.71 percent with and annual percentage yield of 2.75 percent. Discover Bank is offering a 4-year certificate of deposit rate of 3.06 percent and an annual percentage yield of 3.10 percent. Citibank’s 3-year certificate of deposit rate is currently at 2.23 percent with an annual percentage yield of 2.25 percent. Their 2-year certificate of deposit rate is at 1.73 percent with an annual percentage yield of 1.75 percent. One-year certificate of deposit rates are at 1.49 percent with an annual percentgage yield of 1.50 percent. Current online savings account rates are higher than Citibank’s one-year CD rates so they might be a better option for you considering interest rates will start heading higher by early next year. Citibank also has competitive mortgage rates, their current advertisted 30-year fixed mortgage rate is 5.125 percent with 0.75 discount points.
Looking for Auto Insurance? MonitorBankRates.com has an auto insurance search engine you can use to find insurance companies providing in car insurance in your zip code. Find Auto Insurance Companies Here Car insurance is a must to protect yourself and others from bodily injury or property damage if you’re involved in an accident. Most states will not allow you to register your car until you show proof of insurance. Figuring out how much auto insurance you need to protect your family will be the biggest decision you make. Each state has a minimum amount of auto insurance you can carry which can be a starting point for you but you will have to decide on the types of auto insurance coverage and the amounts you feel comfortable having. Error on the side of having to much car insurance coverage, you will be better off if you do have an accident. Types of auto insurance include collision insurance, which pays for damage to your auto and any other auto or object you have an accident with. If your auto is financed with a bank the bank will require you to maintain a certain level of coverage to protect their interests just in case of damage to the vehicle. Comprehensive auto insurance pays for damage or loss to your vehicle from other sources other than a collision. Banks will also require you to have comprehensive coverage if your auto is financed. Medical insurance coverage pays for a limited medical expenses for you or a passenger is injured in an accident. You can also purchase insurance coverage for towing expenses and rental car expenses during the time your car is being repaired. Car insurance policies will pay a certain daily dollar amount for a rental car for a certain amount of time, usually for a month. Since the additional insurance costs for towing and a rental car isn’t much I recommend getting both types of insurance coverage. Find Auto Insurance Companies offering coverage in your area here. Best Auto Insurance Rates
Looking for the best mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find current mortgage rates in your zip code. Find current mortgage rates here Today’s Mortgage Rates30-year mortgage rates are nearing 5.00 percent again, in Freddie Mac’s Primary Mortgage Market Survey released last Thursday average 30-year mortgage rates were at 5.08 percent with 0.7 discount points. Feddie’s weekly mortgage survey will be released later this morning. The average contract rate for 15-year mortgages is back under 4.50 percent at 4.45 percent, a decrease from the prior week’s average contract rate of 4.57 percent according to the MBA’s weekly mortgage survey. Discount points for 15-year mortgages increased to 1.13 discount points from 0.85 discount points the prior week. One-year adjustable mortgage rates also decreased this past week. The average contract rate for a one-year adjustable rate mortgage decreased to 6.69 percent, down from the previous week’s average contract rate of 6.71 percent. Average discount points decreased to 0.19 from 0.20. As a result of the lower mortgage rates the MBA’s Market Composite Index, which measures mortgage loan application volume increased 17.0 percent on a seasonally adjusted basis from one week earlier. The Refinance Index, which measures mortgage refinance application volume jumped 22.5 percent, the biggest increase since mid March. Current mortgage rates updated September 9, 2009. To find the best mortgage rates in your zip code just click on a mortgage type, enter your zip code and loan amount and a table of mortgage rates will be displayed.
Lower bond yields also drove mortgage rates lower this past week. Current 10-year bond yields are at 3.44 percent, yields hit a recent low of 3.29 percent on September 2, 2009. Looking for mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find the best mortgage rates in your zip code. Find current mortgage rates here Today’s low mortgage rates are driving home sales higher, pending home sales rose for the sixth straight month in July according to the National Association of Realtors. Current mortgage rates are also keeping homes affordable, bringing home buyers back to the market and spurring home sales. Current Mortgage RatesCurrent 30-year fixed mortgage rates are closing in on 5.00 percent again, current rates are down to 5.16 percent, a decline from last week’s average mortgage rate of 5.24 percent. Today’s average 30-year jumbo mortgage rates are under 6.00 percent at 5.94 percent, down from the prior week’s average rate of 6.03 percent. Last week in Freddie Mac‘s Primary Mortgage Market Survey 30-year mortgage rates were at 5.08 percent Conventional 15-year fixed rate mortgages are headed back down to the 4.50 percent range. Current 15-year mortgage rates are averaging 4.58 percent this week, down from the prior week’s average rate of 4.69 percent. 15-year jumbo mortgage rates are averaging 5.71 percent this week, up from the prior week’s average rate of 5.65 percent. Adjustable rate mortgages were down for the most part this week. One-year conforming adjustable mortgage rates are down to 4.43 percent this week, down from the prior week’s average rate of 4.47 percent. One-year jumbo adjustable rate mortgages are down to 5.06 percent this week, down from the prior week’s average rate of 5.23 percent. 3/1 conforming adjustable mortgage rates are at 4.64 percent, up from the prior week’s average rate of 4.56 percent. Jumbo 5/1 ARMs are averaging 5.33 percent this week, down from the prior week’s average mortgage rate of 5.46 percent. The average rate for a 5/1 conforming ARM is at 4.30 percent, down from last week’s average rate of 4.39 percent. Jumbo 5/1 ARMs are averaging 5.17 percent, down from the prior week’s average mortgage loan rate of 5.24 percent. 7/1 conventional adjustable rate mortgages are averaging 4.72 percent this week, down from the previous week’s average rate of 4.76 percent. Jumbo 7/1 ARMs are averaging 5.76 percent this week, a big drop from last week’s average rate of 5.93 percent. The average mortgage rate for a 10/1 conventional ARM is at 5.15 percent this week, down from last week’s average rate of 5.20 percent. 10/1 jumbo ARMs are also down this week, today’s rate is 6.09 percent, down from the prior week’s average rate of 6.26 percent. Home equity line of credit rates are unchanged at 4.683 percent this week. 10-year home equity loans are unchanged at 7.683 percent this week and 15-year home equity loan rates are unchanged at 7.691 percent this week.
Getting a new Car? Now is the time to look into how much auto insurance will cost for your new vehicle. Find auto insurance companies offering coverage in your zip code here: Auto Insurance Rates Bank of America’s used car loan rate for cars purchased at a franchise dealer is currently being advertised at 4.55 percent for car loans up to 60 months and the auto loan rate is 4.74 percent for loans between 61 months and 72 months. Used car loans for purchasing an auto from a private party is a lot higher than purchasing from a franchised dealer. The current rate of loans up to 60 months is 6.85 percent and 7.65 percent for auto loans between 61 months and 72 months. Rates for doing an auto refinance are at 4.74 percent for auto loans up to 60 months and 5.54 percent for car loans between 61 months and 72 months. Leased buyout loans, buying your leased auto and financing the purchase, are at 9.24 percent for car loans up to 60 months and 9.69 percent for car loans between 61 months and 72 months.
To ease the crisis, the government’s TARP program gave banks a cheaper alternative to funds instead of enticing depositors with higher CD rates and savings account rates. Find CD Rates in your area by searching our CD Rate Tables. Both shorter term CD rates and longer term CD rates are higher this week. The national average 3-months CD rate is at 0.716 percent this week, up from last week’s average rate of 0.666 percent. The average 6-months certificate of deposit rate is at 1.057 percent this week, up from the prior week’s average CD rate of 0.950 percent. You can get CD rates higher than the national average, currently First Century Bank is offering a 6-months CD rate of 1.75 percent.
12-months certificate of deposit rates jumped up almost a quarter percent to 1.458 percent from 1.234 percent. OneWest Bank has one of the best CD rates currently available for a 12-months CD, the bank’s rate is at 2.08 percent and the yield is 2.10 percent. The average rate for an 18-months certificate of deposit is currently at 1.606 percent, up from the previous week’s average CD rate of 1.390 percent. Nationwide Bank is offering an 18-months bank CD rate of 2.20 percent. 24-months certificate of deposit rates are up to 1.874 percent this week, an increase from last week’s average CD rate of 1.672 percent. E-loan is offering a 24-months CD rate of 2.37 percent. The average 36-months certificate of deposit rate is at 2.241 percent this week, up from the prior week’s average rate of 1.967 percent. Currently, Discover Bank is offering a rate of 2.75 percent for a 3-year certificate of deposit. 48-months certificate of deposit rates are averaging 2.391 percent this week, up from the prior week’s average CD rate of 2.187 percent. Discover Bank is also offering one of the highest CD rates for a 4-year CD, the bank’s current rate is 3.10 percent. The average 60-months certificate of deposit rate is up to 2.676 percent this week, up from last week’s national average CD rate of 2.445 percent. Ally Bank is offering a 5-year bank CD rate of 3.30 percent. Let’s hope this uptrend in interest rates continues, it’s nice to be able to write about CD rates going up for a change. Website owners and bloggers keep your readers up todate with the most recent CD rates. Free CD Rates widget for your website.
Right now, the bank’s 10-months, 12-months and 18-months certificate of deposits all have an annual percentgage rate of 2.08 percent and an annual percentage yield of 2.10 percent. A yield higher than most online savings accounts these days. The online promo CD rates are also higher than the national average CD rates for similar certificate of deposit terms. Today’s average rate for a 12-months certificate of deposit is 1.46 percent and the average interest rate for an 18-months certificate of deposit is currently at 1.61 percent. The minimum opening deposit to earn these great CD rates is $5,000. Interest is compounded daily and paid or reinvested into the account monthly or at maturity. We would stick with either the 10-months certificate of deposit or 12-months certificate of deposit because come this time next year CD rates will be headed higher. The economy will have improved to the point the FOMC will have starting raising interest rates to keep a check on inflation, this will drive banks to raise CD rates and savings rates.
Find current mortgage rates in your zip code by searching our mortgage rate tables. Mortgage Rate Tables Mortgage rates have have gone down because U.S Treasury yields are going down, currently 10-year bonds are yielding 3.32 percent, the lowest yield since May of 2009. Late last year when the credit crises was in full swing investors flocked to Treasuries as a save heaven and drove yields down to just above 2.00 percent. Mortgage rates didn’t drop as fast or low as bond yields did, in fact today’s mortgage rates are lower than mortgage interest rates were in December, the average mortgage rate was 5.29 percent. Current Mortgage RatesYesterday, Freddie Mac reported in their latest mortgage survey that 30-year mortgage rates were at 5.08 percent for the week ending September 3, 2009. 15-year mortgage rates are just above 4.50 percent, yesterday’s 15-year fixed mortgage rate was at 4.54 percent according to Freddie’s mortgage survey. Current Jumbo mortgages RatesJumbo mortgage rates are also headed down, current 30-year jumbo mortgage rates are under 6.00 percent at 5.92 percent. The recent high for 30-year jumbo rate mortgages was at 6.59 percent back in June of 2009. 15-year jumbo mortgage rates are at 5.66 percent today, the most recent average high for 15-year jumbo rate mortgages was at 6.39 percent back in June of this year. Find the best CD rates right here at MonitorBankRates.com by using our CD Rate Tables.
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The high yield money market account of 2.00 percent is for account balances of up to $35,000. Money market account balances of more than $35,000 receive an annual percentage yield of 1.00 percent. The Mega Money Market Account yield is higher than the national average money market account or savings account rate. Currently the national average rate is for account balances of $25,000 is 0.622 percent. Redneck Bank not only offers a high yield on their money market account there website is hilarious. The bank’s motto is “Where Bankin’s Funnier” The bank also is offering a high yield checking account with an annual percentage yield of 4.00 percent. Like all rewards checking accounts there are monthly minimum transcations you have to do to earn the high yield.
You will receive the Visa gift card within four to six weeks after completing all the requirements (transactions) on the checking account. The offer is only valid to new customers who don’t already have a checking account with GreenBank. This offer is for both personal checking accounts and business checking accounts. To qualify for the personal checking account bonus offer you must do two direct deposit transactions of at least $100 each within 60 days of account opening. To qualify for the business checking account bonus offer you must do one Business Check Card purchase and one online Bill Pay of at least $100 within 45 days of account opening. You’ll need this checking rewards code number 25DF502EE847. Looking for CD Rates? MonitorBankRates.com has CD rate tables you can use to serach for the best CD rates.
Looking for mortgage rates? MonitorBankRates.com has mortgage rate tables you can use to find the best mortgage rates in your zip code. Find current mortgage rates here 30-year mortgage rates are currently at 5.08 percent for the week ending today,with an average 0.7 point, down from last week’s average mortgage rate of 5.14 percent. MonitorBankRates.com has today’s 30-year fixed mortgage rate at 5.13 percent. The average 15-year mortgage rate also declined this week, the rate is currently at 4.54 percent for the week ending September 3, 2009. Down from the prior week’s average rate of 4.58 percent which an average 0.6 discount point. Last year 15-year mortgage rates were at 5.90 percent. Yesterday, the Mortgage Bankers Association reported in their survey that the average contract rate for a 15-year mortgage was 4.57 percent. Five-year Treasury-indexed hybrid adjustable mortgage rates averaged 4.59 percent this week, with an average 0.6 point, down from the prior weeks’ average rate of 4.67 percent. Monitorbankrates.com has the average 5/1 conforming adjustable rate mortgage at 4.26 percent today. The average one-year Treasury-indexed adjustable mortgage rate averaged 4.62 percent this week with an average 0.6 point, down from last week when it averaged 4.69 percent. The current average mortgage rate for a one-year ARM is listed at 4.40 percent at Monitorbankrates.com. Comments from Frank Nothaft, Freddi Mac’s vice president and chief economist. “Bond yields pushed mortgage rates slightly lower this week,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Low mortgage rates are helping to keep housing very affordable. Seven of the top eight most affordable months occurred during this year, according to the National Association of Realtors’® (NAR) Housing Affordability Index, which dates back to 1971. As a result, pending sales of existing homes rose for the sixth straight month in July, a trend not seen since the NAR began reporting data in 2001. Moreover, July’s sales were the strongest since June 2007. “Overall, inflation remains in check while certain sectors of the economy are experiencing some improvement. The core price index on consumer expenditures, a key indicator tracked by the Federal Reserve, rose 1.4 percent in July from the same time a year earlier and represented the smallest 12-month increase since October 2003. Meanwhile, the manufacturing industry expanded for the first time in 19 months, according to the Institute of Supply Management.
The new mortgage widgets are free and great for real estate agent websites, mortgage brokers websites, real estate websites, financial news websites or any other site that is interested in displaying current mortgage rates for the visitors. Looking for Current Mortgage Rates? MonitorBankRates.com has mortgage rate tables you can use to find the best mortgage rates in your zip code. Find Mortgage Rates Here
To add a free mortgage rates widget to your website just select the state that you want current average mortgage rates for and copy/paste the mortgage widget code to your site: Get Mortgage Rate Widget Code Here
One-year adjustable mortgage rates were down as well, according to the Mortgage Bankers Assoication’s Weekly Mortgage Market Survey. Looking for the Best Mortgage Rates? MonitorBankRates.com has mortgage rate tables you can use to find the current mortgage rates in your zip code. Find Mortgage Rates Here The average contract mortgage interest rate for 30-year fixed rate mortgages was down to 5.15 percent from 5.24 percent,discount points increased to 1.09 from 1.07. MonitorBankRates.com has today’s mortgage rate listed at 5.22 percent for a 30-year mortgage. 15-year fixed rate mortgages are averaging 4.57 percent, down from the prior week’s average contract mortgage rate of 4.58 percent for a 15-year fixed mortgage. Discount points also decreased from 1.18 to 0.85 points. Current mortgage rates are listed at 4.62 percent for a 15-year fixed rate mortgage at MonitorBankRates.com The average contract interest rate for one-year adjustable rate mortgage was down to 6.71 percent from 6.74 percent, discount points increased to 0.20 from 0.17. Lower mortgage rates usually drive the MBA’s mortgage indexes higher but that wasn’t the case this week. Both the Market Composite Index, which measures mortgage loan application volume and the Refinance Index, which measures mortgage refinance loan application volume were down. The Purchase Index, which measures mortgage loan applications for home purchases increased.
Today’s national average 3-month CD rate is 0.665 percent, almost half TD AmeriTrade’s 3-month CD rate. The minimum deposit for the 3-month certificate of deposit is $25,000. If you don’t have the minimum dollar amount of $25,000 another option is Ally Bank’s 3-month certificate of deposit, the minimum deposit is only $1.00. Their 3-month CD yield is also one of the highest CD rates around at 1.24 percent with an APY of 1.25 percent. To take advantgage of this promitional CD rate and yield you have to deposit the minimum dollar amount by September 30, 2009 and purchase a certificate of deposit by October 2, 2009. The maximum amount you can deposit is $250,000. The CD rate is only good online and for new deposits. Certificate of deposits are FDIC insured up to $250,000. |
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The Federal Deposit Insurance Corporation (FDIC), which insures bank deposits since 1933, including 
Mortgage rates
HSBC is offering a checking account bonus gift for opening a business checking account. The checking bonus can be either a Dell Mini 10v Notebook, a $150 Staples gift card or 30,000 
Current interest mortgage rates are mixed this week, conforming 30-year interest mortgage rates are lower and 15-year jumbo 
Discover Bank, the banking arm of the 
Comparing auto insurance rates online is an easy way to figure out which auto insurance company offers the best auto insurance rates. Comparing types of auto insurance coverage is also done easily online. 
CD rates
UFB Direct is offering one of the best 6 month 
30 year mortgage rates remain at 5.04 percent for week ending September 17, 2009 according to the most recent Primary Mortgage Market Survey released by Freddie Mac. That rate is unchanged from the prior week’s average 30-year mortgage rate of 5.04 percent. Average discount points remained the same at 0.6 percent.
Getting the best car insurance rates is a lot easier than it used to be. You can find the best car insurance rates for your needs from comparison insurance sites that give you the ability to shop and compare types of auto insurance policies, auto insurance rates and 
Current 30-year mortgage interest rates are currently back under 5.00 percent according to the latest Weekly Mortgage Application Survey released this morning by the 
American Express Bank, the banking arm of the 
Metlife Bank, the banking arm of Metropolitan 
Balance transfer credit card offers used to have a zero percent promotional interest rate for a year. Since the credit crunch and the recession that started late last year most credit card balance transfer offers now only have an introductory interest rate for six months. More often than not, the intoductory interest rate isn’t zero percent anymore.
Getting the best life insurance rates and life insurance quotes is a lot easier these days. Finding the best life insurance company for the amount of life insurance coverage and type of life insurance you need will require you to do some research.
Current average mortgage rates are mixed this week with conforming 15-year mortgage rates having the biggest decline and one-year jumbo mortgage rates having the biggest increase in 
CD rates are going back down again this week after two conecutive weeks of increases. Most economists believe the economy has turned around and will grow again during the second half of 2009.
Webster Bank is offering a special promotional savings account that currently has an annual percentage yield of 1.75 percent.
Current mortgage rates are lower as 10-year 
MetLife Bank is offering one of the best 12-month CD rates around. The limited time promotional offer has an annual percentage yield of 2.25 percent for certificate of deposit account balances of $25,000 or more. 
Mortgage rates are down again in this week’s Primary Mortgage Market Survey released by 
Car Insurance: Comparing car insurance quotes and comparing types of car insurance is a lot easier these days than it used to be. There are dozens of online sites that give consumers the ability to compare 
Finding the best life insurance company and getting the 
In the latest mortgage rate survey released this morning 30-year mortgage rates higher and 15-year mortgage rates lower. Adjustable mortgage rates are also lower according to the survey released by the Mortgage Bankers Association’s 
Current mortgage rates are stable today as 10-year 
Getting the best car insurance rates these days has become a lot easier thanks to sites that give consumers the ability to compare car insurance rates from several companies quickly.
Mortgage rates are mixed this week, 30-year fixed mortgage rates were down and 30-year jumbo mortgage rates were also down. 
30-year mortgage rates are at 5.15 percent this morning, lower than last week’s average mortgage rate of 5.23 percent. Today’s 
Chase Bank is continuing their $100 
H&R Block Bank, the banking arm of H&R Block, the tax preparation company, is offering a special promtional 6-month CD rate that runs until the end of September. The yield on the 6-month certificate of deposit is 2.00 percent, which is one of the 
UFB Direct is offering one of the highest yielding online savings account available these days. The current annual percentage rate is 1.98 percent and the current annual percentage yield is 2.00 percent. The minimum opening deposit is $1.00.
Banking online has become more and more acceptable these days. Consumers are increasingly using electronic banking to make payments and manage their personal finances. 
The number of ATM machines has now surpassed the number of bank branches according to the Federal Deposit Insurance Corporation (FDIC), due in part to bank mergers and the growing popularity of ATMs.
Mortgage rates were down slightly this week according to the most recent Primary Mortgage Market Survey released by 
CD rates
Citibank is offering one of the 
Finding the best auto insurance rates available these days to insure your vehicle is a lot easier than it used to be. You can search and compare auto insurance rates from several insurance companies by using comparison shopping sites.
Lower mortgage rates over the past week drove mortgage applications higher for home purchases and mortgage refinancing. In the latest mortgage survey released by the Mortgage Bankers Association (
Mortgage rates are were mostly down this past week, staying above near record lows of the past couple of months. 30-year fixed jumbo mortgage rates fell below 6.00 percent this week and conforming 30-year mortgage rates are nearing 5.00 percent.
Bank of America is advertising some of the best car loan rates available these days. The new car loan rate is the lowest auto loan rate available at Bank of America, the current new car loan rate is currently at 4.10 percent for car loans up to 60 months and 4.34 percent for auto loans for 61 months to 72 months.
To our surprise CD rates jumped higher this week over last week. For the past year CD rates have been slowly going lower, the trend started when the credit crisis hit us in the fall of last year.
OneWest Bank, formerly the failed IndyMac Bank is offering some of the 
Current mortgage rates are headed down to 5.00 percent which has been helping the housing market recover by making homes more affordable than they have been the past several years. This morning, 
Redneck Bank, the Internet Banking Division of Bank of the Wichitas based in Snyder Oklahoma, is offering their Mega Money Market Account that currently has an annual percentage yield of 2.00 percent which is higher than most 12-month 
GreenBank of Greeneville, Tennessee, is offering a promotional bonus of $100 for opening a checking account. The $100 bonus is in the form of a Visa gift card.
MonitorBankRates.com has just released new mortgage rates widgets that list average mortgage rates by state.
Mortgage rates are constantly changing from day to day but now your home buyers will be kept up to date with their state’s current mortgage rates.
The latest mortgage rate survey released this morning shows a decrease in mortgage rates and mortgage applications. Both 30-year mortgage rates and 15-year mortgage rates were down.
TD AmeriTrade the online brokerage company is offering one of the best CD rates for a 3-month certificate of deposit. The current interest rate is 1.24 percent with an annual percentage yield of 1.25 percent. This CD rate is well above the national average CD rate for a 3-month CD.
