Archives for December 2009

Mortgage rates are higher in the latest mortgage survey for 2009. This week’s increase in mortgage rates is the fourth consecutive week of increases. Even with four weeks of increases, 30 year mortgage rates are just above 5.00 percent but are expected to head as high as 6.00 in 2010.

Looking for the today’s mortgage interest rates? Use our mortgage rate tables to find mortgage rates  in your state or zip code. Today’s Mortgage Interest Rates.

In this week’s Primary Mortgage Market Survey, conforming 30 year mortgage interest rates increased to 5.14 percent  with an average mortgage discount point of 0.7 points for the week ending December 31, 2009. Last week the average mortgage rate for 30 year mortgages was 5.05 percent. This time last year 30 year home loan rates were at 5.10 percent.

15 year mortgage rates increased to 4.54 percent with an average 0.7 mortgage discount points, up from last week’s average mortgage rate of 4.45 percent. A year ago 15 year mortgage interest rates were at 4.83 percent.

Treasury indexed hybrid 5 year adjustable mortgage rates increased to 4.44 percent this week with average mortgage points remaining the same at 0.6 points. A week prior, 5 year adjustable rate mortgages were averaging 4.40 percent. Last year at this time, 5 year home loan rates were higher at 5.57 percent.

One year Treasury indexed hybrid adjustable mortgage rates averaged 4.33 percent this week with an average 0.6 mortgage points, down slightly from last week’s average one year mortgage loan rate of 4.38 percent. A year ago, one year ARMs averaged 4.85 percent.

For a more extensive report on current mortgage rates, Monitorbankrates.com released its weekly mortgage report on Monday, which follows:

Conforming Fixed Mortgage Rates

30-year mortgage rates jumped above 5.00 percent to 5.13 percent this week, up from the previous week’s average mortgage rate of 4.94 percent.

15-year mortgage rates are back above 4.50 percent at 4.53 percent, up from last week’s average home loan mortgage rate of  4.39 percent.

Jumbo Fixed Mortgage Rates

30-year jumbo mortgage rates are averaging 5.92% this week, up from the prior week’s mortgage interest rate of 5.71%.

15 year jumbo home loan rates are averaging 5.34% this week, up slightly from the last week’s home interest loan rate of 5.20%.

Adjustable Mortgage Rates – Conforming ARMs

1-year adjustable mortgage rates are averaging at 4.52% this week, up from the prior week when one year home loans were averaging 4.23%.

3-year adjustable rate mortgages are averaging 4.56%, up from last week’s average loan rate of 4.44%.

5-year adjustable mortgage interest rates are at 4.28 percent this week, down from the previous week’s average mortgage rate of 4.18%.

7-year adjustable home loans are averaging 4.77%, up from last week’s average loan rate of 4.68%.

The average 10-year ARM is at 5.14%, up from the previous week’s average home finance rate of 5.01%.

Adjustable Mortgage Rates – Jumbo ARMs

1-year jumbo adjustable mortgage rates are averaging 5.47% this week, down from the prior week’s average mortgage finance interest rate of 5.56%.

The average 3-year jumbo ARM is at 5.62% this week, up from last week’s adjustable rate of 5.51%.

5-year jumbo ARMs are averaging 5.19% this week, up from the prior week’s average rate on a five year jumbo mortgage 0f 5.03%.

7-year jumbo ARMs are averaging 5.60% this week, up from last week’s average rate of 5.49 percent.

The average 10-year jumbo is at 6.15 percent, up from the prior week’s average 10-year mortgage rate of 6.05 percent.

Interest Only Mortgage Rates (IO Loans) - Conforming

3-year interest only mortgage rates are averaging 4.69 percent this week, up from last week’s average interest rate of 4.52%.

5-year interest only loans are averaging 4.40 percent this week, up from last week when five year interest only mortgages averaged 4.29%.

7-year IO loan rates are averaging 5.00 percent this week, up from last week’s average interest rate of 4.89%.

Jumbo Interest Only Mortgage Rates

3-year jumbo interest only mortgages are averaging 5.82% this week, up from last week’s jumbo interest mortgage average rate of 5.68%.

5-year jumbo IO loan rates are averaging 5.63 percent, up from the prior week’s average IO mortgage rate of 5.43 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.96 percent, up from last week’s average jumbo rate of 5.87 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.331% this week, down slightly from last week’s average equity home loan rate of 7.332%. 15 year home equity rates decreased to 7.410%, down slightly from the prior week’s average equity loan rate of 7.411%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.912% this week, up from last week’s average HELOC rate of 4.900%.

Looking for the best mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates

A loyal reader of monitorbankrates.com alerted us to this deal. Citibank is offering a $100 checking account bonus for AT&T Universal Credit Card holders who currently don’t have a checking account with Citibank.

To receive the $100 checking bonus, you have to open a Citibank regular checking account and “perform qualifying activities.” When you open a checking account you have to make a minimum deposit of $1,000 by January 31, 2010. 

The “qualifying activities” include one direct deposit into your checking account or two electronic bill payments or at least five “qualifying signature debit card purchases” for three consecutive months. Check on interest checking accounts.

The offer comes with your AT&T Universal Card statement. You can sign up for the $100 checking bonus at any Citibank branch, online at offer.citibank.com or by calling 1-866-524-8635. The offer code our reader was given is C2X5. You can try this code or ask Citibank for one, I don’t see why they wouldn’t give you one if you have an AT&T Universal Credit Card.

http://cdrates.monitorbankrates.com   The Federal Reserve on Monday proposed timed deposits to mop up excess liquidity in the system. Banks will park their extra cash at the Federal Reserve Bank and earn interest in timed deposits just like a certificate of deposit.

Ever since the credit crisis and recession, the Fed has been very accommodating in its monetary policy to ease the crisis and get the economy growing again. Now that the Fed has achieved those goals, there is worry that all the extra money out there will cause inflationary pressures.

Setting up timed deposits for banks will ease some of that pressure without having to raise interest rates. Banks would place some of their cash reserves at the Fed and earn money instead of loaning the extra reserves and possibly causing another credit bubble and inflation.

The proposed timed deposits will probably have maturities of one month to six months. The interest rate would be determined by auction. Just like a certificate of deposit, banks would not be allowed to withdraw the funds until maturity.

(http://cdrates.monitorbankrates.com) As we close out the year, 2009 CD rates  headed lower again this week over last. The average 12 month bank CD rate is at 1.051 percent this week, down from last week’s average 12 months CD rate of 1.057 percent.

Looking for the best CD Rates? Use our CD rate table to find the highest CD rates. CD Rate Table

Using our bank CD rate tables, we found ING Direct is currently offering a promotional 12 months certificate of deposit that has an annual percentage yield (APY) of 2.00 percent – almost double the national average rate.  That yield is also higher than ING Direct’s 60 month certificate of deposit yield of 1.75 percent.

The average two year CD rate isn’t much higher than the average one year CD. The current average two year CD rate is currently at 1.52 percent. You can also find two year CD rates higher than the national average. Right now, EastBank is offering a two year CD rate of 2.30 percent.

Average Bank CD Rates

Search for the highest bank CD rates in your zip code here: Search for the highest CD rates.

Check on savings accounts.

Mortgage rates jumped higher this week over last, abruptly reversing the down trend we have seen over the past year. Both conforming mortgage rates and jumbo mortgage rates are higher this week over last.

Mortgage rates have increased three out of the last four weeks and will head higher in the coming year. We might see mortgage rates as high as 6.00 percent for 30 year mortgages sometime in 2010.

Mortgage interest rates are increasing but are still very low, historically speaking. Homes are also more affordable now than they have been over the past several years, so even if rates hit 6.00% in 2010 it won’t derail the housing recovery.

Looking for the today’s mortgage interest rates? Use our mortgage rate tables to find mortgage rates  in your state or zip code. Today’s Mortgage Interest Rates.

Conforming Fixed Mortgage Rates

30-year mortgage rates jumped above 5.00 percent to 5.13 percent this week, up from the previous week’s average mortgage rate of 4.94 percent.

15-year mortgage rates are back above 4.50 percent at 4.53 percent, up from last week’s average home loan mortgage rate of  4.39 percent.

Jumbo Fixed Mortgage Rates

30-year jumbo mortgage rates are averaging 5.92% this week, up from the prior week’s mortgage interest rate of 5.71%.

15 year jumbo home loan rates are averaging 5.34% this week, up slightly from the last week’s home interest loan rate of 5.20%.

Adjustable Mortgage Rates – Conforming ARMs

1-year adjustable mortgage rates are averaging at 4.52% this week, up from the prior week when one year home loans were averaging 4.23%.

3-year adjustable rate mortgages are averaging 4.56%, up from last week’s average loan rate of 4.44%.

5-year adjustable mortgage interest rates are at 4.28 percent this week, down from the previous week’s average mortgage rate of 4.18%.

7-year adjustable home loans are averaging 4.77%, up from last week’s average loan rate of 4.68%.

The average 10-year ARM is at 5.14%, up from the previous week’s average home finance rate of 5.01%.

Adjustable Mortgage Rates – Jumbo ARMs

1-year jumbo adjustable mortgage rates are averaging 5.47% this week, down from the prior week’s average mortgage finance interest rate of 5.56%.

The average 3-year jumbo ARM is at 5.62% this week, up from last week’s adjustable rate of 5.51%.

5-year jumbo ARMs are averaging 5.19% this week, up from the prior week’s average rate on a five year jumbo mortgage 0f 5.03%.

7-year jumbo ARMs are averaging 5.60% this week, up from last week’s average rate of 5.49 percent.

The average 10-year jumbo is at 6.15 percent, up from the prior week’s average 10-year mortgage rate of 6.05 percent.

Interest Only Mortgage Rates (IO Loans) - Conforming

3-year interest only mortgage rates are averaging 4.69 percent this week, up from last week’s average interest rate of 4.52%.

5-year interest only loans are averaging 4.40 percent this week, up from last week when five year interest only mortgages averaged 4.29%.

7-year IO loan rates are averaging 5.00 percent this week, up from last week’s average interest rate of 4.89%.

Jumbo Interest Only Mortgage Rates

3-year jumbo interest only mortgages are averaging 5.82% this week, up from last week’s jumbo interest mortgage average rate of 5.68%.

5-year jumbo IO loan rates are averaging 5.63 percent, up from the prior week’s average IO mortgage rate of 5.43 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.96 percent, up from last week’s average jumbo rate of 5.87 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.331% this week, down slightly from last week’s average equity home loan rate of 7.332%. 15 year home equity rates decreased to 7.410%, down slightly from the prior week’s average equity loan rate of 7.411%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.912% this week, up from last week’s average HELOC rate of 4.900%.

Looking for the best mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates

(http://www.monitorbankrates.com/mortgages) Mortgage rates headed higher in the most recent Primary Mortgage Market Survey released by Freddie Mac. Current 30 year mortgage rates inched back above 5.00 percent to 5.05 percent, up from the prior week’s mortgage survey that had 30 year mortgage rates at 4.84%.

Even though mortgage interest rates are back above 5.00 percent 30 year rates are still lower than last year when the average mortgage rate was 5.14 percent. Average mortgage discount points remained at 0.7 points in this week’s mortgage survey.

15 year mortgage rates also increased this week, current mortgage rates are averaging 4.45 percent, up from last week’s average mortgage rate of 4.37 percent. Average mortgage discount points remained the same at 0.6 points.

5 year adjustable mortgage rates averaged 4.40 percent this week with an average 0.6 mortgage points, up from the prior week’s mortgage rate of 4.37 percent.

1 year adjustable rate mortgages averaged 4.38 percent this week with an average point of 0.6, up from the prior week’s average interest rate of 4.34 percent.

For a more extensive report on current mortgage rates, MonitorBankRates.com released its weekly mortgage report on Monday, which follows:

Today’s Mortgage Interest Rates

Fixed Mortgage Rates – Conventional

30-year mortgage rates increased to 4.94 percent this week, up from the previous week’s average mortgage rate of 4.97 percent.

15-year mortgage interest rates were down slightly to 4.39 percent this week, down from last week’s average mortgage rate of 4.40 percent.

Fixed Jumbo Mortgage Rates

30-year jumbo mortgage rates are averaging 5.71% this week, down from the prior week’s mortgage interest rate of 5.73%.

15 year jumbo home loan rates are averaging 5.20% this week, up slightly from the last week’s home interest loan rate of 5.19%.

Conventional Adjustable Rate Mortgages

1-year adjustable mortgage rates are averaging at 4.23% this week, down  from the prior week when one year home loans were averaging 4.22%.

3-year adjustable rate mortgages are averaging 4.44%, up from last week’s average loan rate of 4.40%.

5-year adjustable mortgage interest rates are at 4.18 percent this week, down from the previous week’s average mortgage rate of 4.19%.

7-year adjustable home loans are averaging 4.68%, up from last week’s average loan rate of 4.57%.

The average 10-year ARM is at 5.01%, down from the previous week’s average home finance rate of 5.04%.

Jumbo Adjustable Rate Mortgages

1-year jumbo adjustable mortgage rates are averaging 5.56% this week, up from the prior week’s average mortgage finance interest rate of 5.53%.

The average 3-year jumbo ARM is at 5.51% this week, up from last week’s adjustable rate of 5.40%.

5-year jumbo ARMs are averaging 5.03% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.05%.

7-year jumbo ARMs are averaging 5.49% this week, down from last week’s average rate of 5.53 percent.

The average 10-year jumbo is at 6.05 percent, down from the prior week’s average 10-year mortgage rate of 6.06 percent.

Interest Only Loan Mortgage Rates (IO) - Conforming

3-year interest only mortgage rates are averaging 4.52 percent this week, down from last week’s average interest rate of 4.57%.

5-year interest only loans are averaging 4.29 percent this week, down from last week when five year interest only mortgages averaged 4.30%.

7-year IO loan rates are averaging 4.89 percent this week, up from last week’s average interest rate of 4.78%.

Interest Only Mortgage Rates – Jumbo

3-year jumbo interest only mortgages are averaging 5.68% this week, up from last week’s jumbo interest mortgage average rate of 5.52%.

5-year jumbo IO loan rates are averaging 5.43 percent, down from the prior week’s average IO mortgage rate of 5.45 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.87 percent, down from last week’s average jumbo rate of 5.90 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.332% this week, down from last week’s average equity home loan rate of 7.483%. 15 year home equity rates decreased to 7.411%, down from the prior week’s average equity loan rate of 7.611%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.900% this week, down from last week’s average HELOC rate of 4.902%.

Looking for today’s mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Today’s Mortgage Rates

Fannie Mae Homes Eligible for Special HomePath® Mortgages

CALABASAS, CALIFORNIA – Special financing is available through the HomePath® Mortgage and Renovation Mortgage on properties owned by Fannie Mae in the HomePath® database.  These HomePath® financing programs offer features such as low down payment, flexible mortgage terms, no mortgage insurance, and no appraisal fees.  When shopping for mortgages, Informa Research Services, a subsidiary of Informa plc (LSE: INF), suggests starting online to find the best mortgage interest rates.

The HomePath® Mortgage is available on designated Fannie Mae homes, which you can browse online at HomePath.com.  This financing is available from both local and national lenders.  To find the lenders with the best mortgage rates and find out more about a HomePath® Mortgage, check online.

Additionally, the HomePath® Renovation Mortgage provides special financing on the property you make your primary residence that not only funds the purchase of the home, but also assists with light renovations.

Not all of Fannie Mae’s real estate owned (REO) properties are eligible for the HomePath® financing and not every lender is certified to structure this type of loan.  Some lenders, such as AimLoan.com, offer competitive rates and can provide more information regarding this program.

From mortgages to certificates of deposit, the fastest way to find the best rates for your financial products is to look online at rate comparison tables like those found on MonitorBankRates.com.  Since these tables are updated continuously throughout each day, they provide the most current rates available.

The Federal Open Market Committee, which makes decisions about interest rates, has kept the Fed Funds rate in a targeted range of zero percent to one quarter percent since late 2008.

These record low interest rates have helped the housing market stablize from one of the worst housing bubbles on record. Low rates have also helped the economy recover from the the worst financial crisis since the Depression.

The record low Fed Funds rate has also forced deposit account rates and mortgage rates to record lows as well. Low mortgage rates have been a blessing to anyone financing the purchase of a home or refinancing an existing mortgage.

Low CD rates and savings rates haven’t been much of a blessing for investors, especially retiress. A neighbor of mine recently mentioned that since CD rates are so low right now, he is dipping into his principal and if rates stay low he is going to have to start thinking about coming out of retirement.

I don’t think my neighbor will have to return to work because interest rates have nowhere to go but up and they might start heading up pretty quickly. Fourth quarter GDP is expected to expanded at a robust pace of 4.5 percent and when the unemployment rate starts heading down, the FOMC will feel the pressure to raise the Fed Funds rate to keep inflation in check.

Once the Fed Funds rate goes higher, banks will quickly follow by raising deposit rates on CD accounts and savings accounts. I do expect rates to start heading higher within the first six months of 2010. That being said, do not lock into any long term certificate of deposits. The longest term I would invest in would be six month CDs but I would prefer three month CDs at this time.

The FOMC’s first meeting in 2010 will be in January but they won’t raise rates then. They meet again March 16, 2010 and April 27-28. Depending on the economy and the threat of inflation they will probably raise rates during that time or early summer at the latest.

If you’re thinking about refinancing a mortgage or buying a home in the next six months, you should think about doing it sooner if you can. When the Fed Funds rate heads higher banks will also start raising mortgage rates and probably faster than deposit rates.

After weeks of floating closer and closer to 5 percent, the national average rate on a 30-year fixed conforming mortgage increased slightly this week from 5.06% last week to 5.14%, according to Informa Research Services’ weekly survey of interest rates.

While the average remains low, there are far lower rates available to qualified borrowers. Informa Research Services, a subsidiary of Informa plc (LSE: INF) suggests looking to online tables to find the best deals.

Checking online rates tables, like those found on MonitorBankRates.com can help consumers discover lenders with rates below the national average. For instance, all of the 30-year fixed rates currently posted by AimLoan are well below the national average.

Furthermore, unlike some sites, these online resources require only minimal information to retrieve mortgage rates to fit your unique situation. Usually, the only information needed to see what low rates you may qualify for is loan amount, property value, and location of the property.

As the year of 2009 comes to an end, CD rates headed down again this week over last. This year has been the most dismal year for deposit rates – for most of 2009, 12 months CD rates have been hovering just above 1.00 percent.

The average five year certificate of deposit rate has been under 3.00 for most of the year. Back in the summer of 2008 you could find 12 months CD rates paying more than 3.00 percent.

Find a local list of CD Rates in your zip code by searching our CD rate tables here. CD Rate Tables

Average CD Rates

Search for the highest CD rates in your zip code here: Search for the highest CD rates.

Longer term conforming mortgage rates headed lower for the week ending December 21, 2009 after two consecutive weeks of higher mortgage rates. 30-year jumbo mortgage rates were down slightly this week over last but are still near the lows for 2009.

Home equity loan rates had the biggest declines in months, probably because banks are more comfortable lending now that the housing market has stabilized in most of the country.

Mortgage rates are expected to head higher in 2010 especially if the economy picks up steam a lot quicker than recently anticipated. Some economists are now expecting fourth quarter GDP to expand by an aggressive 4.5 percent. A couple of quarters’ growth in that range along with a drop in the unemployment rate will force the FOMC to raise the Fed Fund’s rate.

Looking for the Current mortgage rates? Use our mortgage rate tables to find mortgage ratess  in your state or zip code. Current Mortgage Rates.

Current Mortgage Rates

Fixed Mortgage Rates – Conventional

30-year mortgage rates increased to 4.94 percent this week, up from the previous week’s average mortgage rate of 4.97 percent.

15-year mortgage interest rates were down slightly to 4.39 percent this week, down from last week’s average mortgage rate of 4.40 percent.

Fixed Jumbo Mortgage Rates

30-year jumbo mortgage rates are averaging 5.71% this week, down from the prior week’s mortgage interest rate of 5.73%.

15 year jumbo home loan rates are averaging 5.20% this week, up slightly from the last week’s home interest loan rate of 5.19%.

Conventional Adjustable Rate Mortgages

1-year adjustable mortgage rates are averaging at 4.23% this week, down  from the prior week when one year home loans were averaging 4.22%.

3-year adjustable rate mortgages are averaging 4.44%, up from last week’s average loan rate of 4.40%.

5-year adjustable mortgage interest rates are at 4.18 percent this week, down from the previous week’s average mortgage rate of 4.19%.

7-year adjustable home loans are averaging 4.68%, up from last week’s average loan rate of 4.57%.

The average 10-year ARM is at 5.01%, down from the previous week’s average home finance rate of 5.04%.

Jumbo Adjustable Rate Mortgages

1-year jumbo adjustable mortgage rates are averaging 5.56% this week, up from the prior week’s average mortgage finance interest rate of 5.53%.

The average 3-year jumbo ARM is at 5.51% this week, up from last week’s adjustable rate of 5.40%.

5-year jumbo ARMs are averaging 5.03% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.05%.

7-year jumbo ARMs are averaging 5.49% this week, down from last week’s average rate of 5.53 percent.

The average 10-year jumbo is at 6.05 percent, down from the prior week’s average 10-year mortgage rate of 6.06 percent.

Interest Only Loan Mortgage Rates (IO) - Conforming

3-year interest only mortgage rates are averaging 4.52 percent this week, down from last week’s average interest rate of 4.57%.

5-year interest only loans are averaging 4.29 percent this week, down from last week when five year interest only mortgages averaged 4.30%.

7-year IO loan rates are averaging 4.89 percent this week, up from last week’s average interest rate of 4.78%.

Interest Only Mortgage Rates – Jumbo

3-year jumbo interest only mortgages are averaging 5.68% this week, up from last week’s jumbo interest mortgage average rate of 5.52%.

5-year jumbo IO loan rates are averaging 5.43 percent, down from the prior week’s average IO mortgage rate of 5.45 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.87 percent, down from last week’s average jumbo rate of 5.90 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.332% this week, down from last week’s average equity home loan rate of 7.483%. 15 year home equity rates decreased to 7.411%, down from the prior week’s average equity loan rate of 7.611%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.900% this week, down from last week’s average HELOC rate of 4.902%.

Looking for today’s mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Today’s Mortgage Rates

The national average savings account rate/money market account rate for account balances of $2,500 is only 0.364% this week but you can find savings account rates well above the national average. We did a search for rates in Miami, Florida and generated this list of the top 10 savings account rates and yields.

Top 10 Savings Account Rates and Yields

• Discover Bank 1.75% APY – $500 Minimum
• Bank of Internet USA 1.65% APY - $100 Minimum
• UFB Direct 1.60% APY - $1.00 Minimum
• Salem Five Direct 1.55% APY – $1.00 Minimum
• EverBank 1.51% APY – $1.00 Minimum
• Ally Bank 1.50% APY – $1.00 Minimum
• Nationwide Bank 1.50% APY - $2,000 Minimum
• GiantBank.com 1.46% APY - $1,000 Minimum
• FNBO Direct 1.40% APY – $1.00 Minimum
• HSBC Direct 1.35% APY – $1.00 Minimum

Search for the best savings rates and money market account rates in your zip code here: Best Savings Account Rates – Money Market Rates

3 month certificate of deposit rates are averaging only 0.533% this week. You can find rates higher than the national average. Using our CD rate tables, we did a search for 3 month CD rates in zip code 92102 (San Diego, California) and found about a dozen banks offering CD rates above the national average rate.

Here is a list of the best CD rates and yields available for 3 month certificates of deposit. Search for the highest CD rates in your zip code here: Search for the highest CD rates.

Best 3 Month CD Rates and Yields

• Luther Burbank Savings 1.25% APY – Minimum Deposit $1,000
• La Jolla Bank 1.25% APY – Minimum Deposit $10,000
• Imperial Captial Bank 1.22% APY – Minimum Deposit $2,000
• UFB Direct 1.22% APY – Minimum Deposit $8,000
• First Federal Bank of Califonia 1.15% APY – Minimum Deposit $10,000
• Bank Direct 1.11% APY - Minimum Deposit $10,000
• EverBank 1.05% APY - Minimum Deposit $1,500 (3 month intro rate)
• Ally Bank 1.05% APY – Minimum Deposit $1.00
• Nationwide Bank 1.05% APY – Minimum Deposit $10,000
• Allstate Bank 0.90% APY – Minimum Deposit $1,000

Today’s mortgage interest rates are still below 5.00 percent in the latest Primary Mortgage Market Survey released by Freddie Mac. 30-year mortgage rates increased to 4.94 percent for the week ending December 17, 2009. 30-year loan rates are almost where they were last year at this time, 30-year rates were at 5.19 percent.  In last week’s mortgage survey 30 year rates were at 4.81 percent.

Average mortgage discount points for 30 year mortgages remained the same at 0.7 points.

Looking for the best mortgage rates? Today’s mortgage interest rates including jumbo mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates.

15 year mortgage rates increased to 4.38 percent this week, up from last week’s average interest rate of 4.32 percent. Average points were 0.6 points, unchanged from the prior week.

Adjustable mortgage rates were also higher this week over last. Five-year U.S. Treasury indexed adjustable mortgage rates increased to 4.37 percent this week, up from last week’s average mortgage rate of 4.26 percent. The average one-year adjustable rate mortgages increased to 4.34 percent, up from the prior week’s average rate of 4.24 percent.

For a more extensive report on current mortgage rates, Monitorbankrates.com released its weekly mortgage report on Monday, which follows:

Current Mortgage Rates

Conforming Fixed Rate Mortgages

• 30 year mortgage rates increased to 4.97% this week, down from the prior week’s average home loan rate of 4.95%.
• 15 year mortgage interest rates were unchanged at 4.40% this week.

Jumbo Rate Mortgages

• The average 30 year jumbo mortgage rate are at 5.73% this week, down from the previous week’s mortgage rate of 5.74%.
• The average 15 year jumbo rate mortgage is at 5.19% this week, up from the prior week’s interest loan rate of 5.18%.

Adjustable Mortgage Rates – Conforming

• One year adjustable mortgage rates are averaging at 4.22% this week, down considerably from last week’s when one year home loans averaged 4.51%.
• Three year adjustable mortgage interest rates are averaging 4.40%, down from last week’s average loan interest rate of 4.42%.
• Five year mortgage rates remain unchanged this week at 4.19%.
• Seven year adjustable home loans are down to 4.57% this week, down from last week’s average loan rate of 4.58%.
• Current ten year rates are averaging 5.04%, down from the previous week’s average home finance rate of 5.07%.

Adjustable Mortgage Rates – Jumbo

• Today’s one year jumbo adjustable rate mortgages are averaging 5.53% this week, up from the prior week’s average mortgage finance rate of 5.48%.
• Three year jumbo ARMs are at 5.40% this week, down from last week’s adjustable rate of 5.26%.
• The average five year jumbo ARM  is at 5.05% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.07%.
• Seven year jumbo ARMs are averaging 5.53%, unchanged from the previous week’s seven year adjustable rate.
• 10 year jumbo ARMs are averaging 6.06 percent, up from last week’s average mortgage rate of 5.96 percent.

Interest Only Mortgage Rates – Conventional

• Average three year interest only mortgage rates are averaging 4.52% this week, down from last week’s average interest rate of 4.56%.
• Five year interest only loans are averaging 4.30 percent, down from last week when five year interest only mortgages averaged 4.32%.
• Seven year IO mortgages are averaging 4.78 percent this week, down slightly from last week’s average of 4.79%.

Interest Only Mortgage Rates – Jumbo

• Three year jumbo interest only mortgages are averaging 5.52% this week, up from last week’s jumbo interest mortgage average rate of 5.38%.
• Five year jumbo IO loans are averaging 5.45 percent, down from last week’s average IO mortgage rate of 5.47 percent.
• The average jumbo seven year IO mortgage is at 5.90 percent, up from last week’s average jumbo rate of 5.894 percent.

Home Equity loan Rates

• The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.483% this week, down from last week’s average equity home loan rate of 7.488%. 15 year home equity rates decreased to 7.611%, down from the prior week’s average equity loan rate of 7.615%.

Home Equity Line of Credit (HELOC Rates)

• Average home equity line of credit rates were are up slightly this week. The average HELOC rate this week is 4.902%, up from last week’s average HELOC rate of 4.900%.

Looking for today’s mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables Mortgage Rates.

The Federal Deposit Insurance Corporation (FDIC) released a survey on American households that are “unbanked” – have neither a checking account nor a savings account, and “underbanked” – have a checking account or savings account but rely on alternative financial services. Alternative financial services can include using a non-bank check cashing service, non-bank money order service or a payday loan service.

There is an estimated 9 million households that do not have a checking account or savings account which is 7.7 percent of U.S. households.

In addition to the unbanked households, there are an estimated 21 million households that are underbanked which is 17.9 percent of U.S. households. Not surprisingly, the most common reason  those households do not hold bank accounts is they feel they do not have enough money to warrant having a savings account or checking account.

The most frequent causes for an account application to be declined are (in order):

1. Negative account screening
2. Insufficient identification information
3. Low credit score

Fortunately, almost half of those banks (49 percent) have the ability to override a negative result at a branch location while 25 percent offer “second chance” accounts that offer similar but somewhat limited privileges of a regular checking account.  It begs the question how many banks actually choose to exercise that flexibility on the consumers’ behalf.

Unfortunately, not having or making use of a savings account or checking account usually costs more. Check cashing services are notorious for the fees they charge. If your credit is in trouble or you find yourself unable to get a regular bank checking account, you should at least use a low-cost service provider like Walmart.

Having a checking account, savings account or a certificate of deposit account is one of the first steps you can take to build your credit history. You can also combine a checking account or savings account with a debit card, which will also help you build a credit history. You can also pay bills online with most checking accounts.

For a more detailed look at the FDIC’s survey visit Unbanked and Underbanked.

30-year mortgage rates increased slightly in this week’s Mortgage Applications Survey released by the Mortgage Bankers Association (MBA). The average contract interest rate for 30 year mortgages rose to 4.92 percent, up from last week’s average 30 year mortgage rate of 4.88 percent. Average mortgage discount points were down to 1.08 points from 1.17 points.

Looking for current mortgage rates? Today’s mortgage interest rates including jumbo mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Mortgage Rates

The average contract mortgage rate for 15-year mortgages remained unchanged this week at 4.33 percent. Average mortgage discount points decreased to .91 point from 1.02 points the week before.

One-year adjustable mortgage rates decreased again this week, the average contract rate for one-year mortgages is at 6.52 percent, down from the prior week’s average of 6.55 percent.

The MBA’s Market Composite Index, which is a measure of mortgage loan application volume, increased 0.3 percent on a seasonally adjusted basis from one week earlier. The Refinance Index, which is a measure of mortgage refinance application loan volume, increased 0.9 percent from the previous week.

For a more extensive mortgage rate report Monitorbankrates.com released its weekly mortgage report on Monday, which follows:

Current Mortgage Rates

Conforming Fixed Rate Mortgages

• 30 year mortgage rates increased to 4.97% this week, down from the prior week’s average home loan rate of 4.95%.
• 15 year mortgage interest rates were unchanged at 4.40% this week.

Jumbo Rate Mortgages

• The average 30 year jumbo mortgage rate are at 5.73% this week, down from the previous week’s mortgage rate of 5.74%.
• The average 15 year jumbo rate mortgage is at 5.19% this week, up from the prior week’s interest loan rate of 5.18%.

Adjustable Mortgage Rates – Conforming

• One year adjustable mortgage rates are averaging at 4.22% this week, down considerably from last week’s when one year home loans averaged 4.51%.
• Three year adjustable mortgage interest rates are averaging 4.40%, down from last week’s average loan interest rate of 4.42%.
• Five year mortgage rates remain unchanged this week at 4.19%.
• Seven year adjustable home loans are down to 4.57% this week, down from last week’s average loan rate of 4.58%.
• Current ten year rates are averaging 5.04%, down from the previous week’s average home finance rate of 5.07%.

Adjustable Mortgage Rates – Jumbo

• Today’s one year jumbo adjustable rate mortgages are averaging 5.53% this week, up from the prior week’s average mortgage finance rate of 5.48%.
• Three year jumbo ARMs are at 5.40% this week, down from last week’s adjustable rate of 5.26%.
• The average five year jumbo ARM  is at 5.05% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.07%.
• Seven year jumbo ARMs are averaging 5.53%, unchanged from the previous week’s seven year adjustable rate.
• 10 year jumbo ARMs are averaging 6.06 percent, up from last week’s average mortgage rate of 5.96 percent.

Interest Only Mortgage Rates – Conventional

• Average three year interest only mortgage rates are averaging 4.52% this week, down from last week’s average interest rate of 4.56%.
• Five year interest only loans are averaging 4.30 percent, down from last week when five year interest only mortgages averaged 4.32%.
• Seven year IO mortgages are averaging 4.78 percent this week, down slightly from last week’s average of 4.79%.

Interest Only Mortgage Rates – Jumbo

• Three year jumbo interest only mortgages are averaging 5.52% this week, up from last week’s jumbo interest mortgage average rate of 5.38%.
• Five year jumbo IO loans are averaging 5.45 percent, down from last week’s average IO mortgage rate of 5.47 percent.
• The average jumbo seven year IO mortgage is at 5.90 percent, up from last week’s average jumbo rate of 5.894 percent.

Home Equity loan Rates

• The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.483% this week, down from last week’s average equity home loan rate of 7.488%. 15 year home equity rates decreased to 7.611%, down from the prior week’s average equity loan rate of 7.615%.

Home Equity Line of Credit (HELOC Rates)

• Average home equity line of credit rates were are up slightly this week. The average HELOC rate this week is 4.902%, up from last week’s average HELOC rate of 4.900%.

Looking for today’s mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Mortgage Rates

A loyal reader of MonitorBankRates.com alerted us to this deal.

Discover Bank is offering a $75 cash back bonus on their Discover More Credit Card. To receive the bonus you have to make $599 in credit card purchases within the first three months of being approved for the credit card.

Looking for the best credit card rates? Search our credit card rate tables to find the best card for your needs. Search Credit Cards

This offer is good until January 20, 2010, so you have to apply for the card before then. Once you have made $599 in purchases, the $75 credit card bonus will be applied to your credit card account within eight weeks.

There is also a 0% credit card rate introductory offer for purchases until July 2010 and a 0% balance transfer offer until November 2010.  The balance transfer fee under this offer is 4%. Once the introductory credit card rates expire the interest rate you pay will be between 11.99% and 17.99% depending on your credit.

If you’re late making a payment, the introductory period will end and the credit card rate can increase to as high as 29.99%, so don’t be late! The cash APR is a 23.99% variable rate.

Tip: If you are late making a credit card payment, call the credit card company and ask them to waive the late fee(s) and keep the interest rate the same. If you haven’t been late making a payment recently the bank will probably give you a break but you’ll never know unless you call.

There is also a 5% cash back bonus for certain purchases throughout the year and a 1% cashback bonus on all other purchases after your annual purchases exceed $3,000. The first $3,000 earn a cashback reward of 0.25%.

To apply for this credit card deal go to www.apply.discovercard.com and use Invitation Code: DAAG. You can also apply by phone by calling 1-800-210-9022.

30 year mortgage interest rates headed higher this week over last week, following U.S. Treasury yields move higher. This is the second consecutive week of increases. Even with the increase, today’s mortgage interest rates are still incredibly low and will probably hover around these ranges until the first quarter of 2010. 

Current 30-year mortgage rates increased to 4.97% this week, a slight increase from last week’s average 30 year rate of 4.95%. This week is the fifth consecutive week 30 year mortgage rates stayed below 5.00% in MBR’s Weekly Mortgage Rates Survey. An all-time low of 4.85% was set the week of November 30, 2009.

15 year mortgage rates remained unchanged at 4.40%. This is the seventh consecutive week 15 year mortgage interest rates remained below 4.50%. An all-time low of 4.35% was set the week of November 30, 2009. The most recent high of 5.20% was set back in June of 2009.

Looking for current rates? Mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Mortgage Rates

Current Mortgage Rates

Conforming Fixed Rate Mortgages

• 30 year mortgage rates increased to 4.97% this week, down from the prior week’s average home loan rate of 4.95%.
• 15 year mortgage interest rates were unchanged at 4.40% this week.

Jumbo Rate Mortgages

• The average 30 year jumbo mortgage rate are at 5.73% this week, down from the previous week’s mortgage rate of 5.74%.
• The average 15 year jumbo rate mortgage is at 5.19% this week, up from the prior week’s interest loan rate of 5.18%.

Adjustable Mortgage Rates – Conforming

• One year adjustable mortgage rates are averaging at 4.22% this week, down considerably from last week’s when one year home loans averaged 4.51%.
• Three year adjustable mortgage interest rates are averaging 4.40%, down from last week’s average loan interest rate of 4.42%.
• Five year mortgage rates remain unchanged this week at 4.19%.
• Seven year adjustable home loans are down to 4.57% this week, down from last week’s average loan rate of 4.58%.
• Current ten year rates are averaging 5.04%, down from the previous week’s average home finance rate of 5.07%.

Adjustable Mortgage Rates – Jumbo

• Today’s one year jumbo adjustable rate mortgages are averaging 5.53% this week, up from the prior week’s average mortgage finance rate of 5.48%.
• Three year jumbo ARMs are at 5.40% this week, down from last week’s adjustable rate of 5.26%.
• The average five year jumbo ARM  is at 5.05% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.07%.
• Seven year jumbo ARMs are averaging 5.53%, unchanged from the previous week’s seven year adjustable rate.
• 10 year jumbo ARMs are averaging 6.06 percent, up from last week’s average mortgage rate of 5.96 percent.

Interest Only Mortgage Rates – Conventional

• Average three year interest only mortgage rates are averaging 4.52% this week, down from last week’s average interest rate of 4.56%.
• Five year interest only loans are averaging 4.30 percent, down from last week when five year interest only mortgages averaged 4.32%.
• Seven year IO mortgages are averaging 4.78 percent this week, down slightly from last week’s average of 4.79%.

Interest Only Mortgage Rates – Jumbo

• Three year jumbo interest only mortgages are averaging 5.52% this week, up from last week’s jumbo interest mortgage average rate of 5.38%.
• Five year jumbo IO loans are averaging 5.45 percent, down from last week’s average IO mortgage rate of 5.47 percent.
• The average jumbo seven year IO mortgage is at 5.90 percent, up from last week’s average jumbo rate of 5.894 percent.

Home Equity loan Rates

• The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.483% this week, down from last week’s average equity home loan rate of 7.488%. 15 year home equity rates decreased to 7.611%, down from the prior week’s average equity loan rate of 7.615%.

Home Equity Line of Credit (HELOC Rates)

• Average home equity line of credit rates were are up slightly this week. The average HELOC rate this week is 4.902%, up from last week’s average HELOC rate of 4.900%.

Looking for mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Find Mortgage Rates

Alliant Credit Union is offering a savings account that currently has an annual percentage yield of 2.00 percent, which is seven times the “bank industry average” according to Datatrac as of December 1, 2009. There is a $5 deposit minimum and no maximum deposit limit.

With the high yield savings account, you are given a ”convenience card” to do the following:

Alliant Credit Union also offers many other financial products including Health Savings Accounts (HSA), Kidz Klub Savings (kids savings account), certificate of deposit accounts, checking accounts, mortgages and credit cards. Best Savings Account Rates.

Allaint Credit Union High Yield Savings Account

MonitorBankRates.com has just released a free jumbo mortgage rates widget that lists national average mortgage rates. The jumbo mortgage rate widget is a great tool for real estate agent websites, financial websites or any other website that would like to keep their readers up to date with current mortgage rates.

In addition to the new jumbo mortgage rate widget, MonitorBankRates.com also offers a free conforming mortgage widget that lists mortgage rates nationally and state mortgage widgets that list average mortgage rates by state. Mortgage rates on all widgets are updated daily.

Get Your Free Jumbo Mortgage Rates Widget Here

Get Your Free Conforming Mortgage Rates Widget Here

Get Your Free Mortgage Rates by State Widget Here

A follower of MonitorBankRates.com just alerted us to a checking account bonus deal at USAA Bank. The $100 bonus deal is for opening a checking account with a minimum opening deposit of $25 by December 31, 2009, setup a recurring direct deposit into the checking account and you will receive the $100 checking bonus in April 2010.

To get the $100 promo bonus call USAA Bank at 1-800-531-8722 and mention “Direct Deposit 100″.

Though USAA’s primary focus is to help military families, all USAA investment products and many other banking products are also available to all non-military individuals who join. USAA was founded in 1922 by military personnel for military personnel. For more information on joining USAA visit their site at USAA.com.

FirstFedDirect, a division of First Federal Bank of California, is offering some pretty good yields for short term certificates of deposit.  The minimum opening deposit for all CD terms is $10,000.

These certificate of deposit yields are as of December 8, 2009.

• 3 months – 1.00% APY
• 6 months – 1.50% APY
• 9 months – 1.55 APY
• 12 months – 1.80% APY

FirstFedDirect.com

Mortgage rates are higher in the latest Primary Mortgage Market Survey released by Freddie Mac. 30 year fixed mortgage rates are currently at 4.81 percent for the week ending December 10, 2009, up from last week’s average mortgage rate of 4.71 percent. A year ago 30 year mortgage interest rates were a lot higher at 5.47 percent. Average mortgage discount points remained unchanged at 0.7 points.

Looking for today’s mortgage rates? Find current mortgage rates in your state by using our Mortgage Rate Tables: Search for Mortgage Rates

The average 15 year mortgage rate rose to 4.32 percent for the week ending December 10, 2009, up from the prior week’s average mortgage rate of 4.27 percent. Today’s mortgage interest rates are about one percent lower than a year ago. Current average mortgage discount points averaged 0.6 points.

One year U.S. Treasury indexed adjustable mortgage rates were slightly lower at 4.24 percent, down from last week’s average mortgage loan rate of 4.25 percent. Discount points averaged 0.7 points.

Frank Nothaft had the following comments:

“Following an upbeat employment report, long-term bond yields rose slightly and fixed mortgage rates followed. The economy shed only 11,000 jobs in November, far fewer than the market consensus forecast, and the unemployment rate unexpectedly fell to 10 percent.  In addition, revisions added 159,000 jobs to September and October.”

“Notwithstanding, rates on 30-year fixed mortgages are almost 0.7 percentage points below those at the same time last year.  This translates into an $81 lower monthly payment on a $200,000 conventional mortgage.”

For a more extensive mortgage rate report Monitorbankrates.com released its weekly mortgage report on Monday, which follows:

Today’s Mortgage Interest Rates

Average 30 year mortgage rates increased to 4.95 percent this week, up from the prior week’s average 30 year interest loan rate of 4.85 percent.

Average 15 year mortgage rates are up to 4.40 percent this week, up from last week’s average home loan rate of 4.35 percent.

Jumbo Mortgage Interest Rates

Average 30 year jumbo home loans are at 5.74 percent this week, an increase from last week’s home loan of 5.65 percent.

The average rate on a 15 year jumbo home loan is at 5.18 percent this week, up from the previous interest loan rate of 5.12 percent.

Conforming Adjustable Mortgage Interest Rates

The average 0ne year adjustable mortgage rate jumped to 4.51 percent this week, up from the prior week’s one year home loan mortgage rate of 4.11 percent.

Average three year adjustable rate mortgages are at 4.42 percent, an increase from last week’s average mortgage rate of 4.20 percent.

The average five year ARM is at 4.19 percent this week, up from the prior week’s average loan rate of 4.11 percent.

Seven year ARMs are averaging 4.58 percent this week, up from the previous week’s average bank loan rate of 4.52 percent.

The average ten year mortgage is back above 5.00 percent at 5.07 percent, up from last week’s average 10 year mortgage interest rate of 4.86 percent.

Jumbo Adjustable Mortgage Rates

Average 0ne year jumbo ARMs are at 5.48 percent this week, unchanged from last week’s average loan interest rate.

The average three year jumbo mortgage loan is at 5.26 percent this week, down from last week’s average rate of 5.40 percent.

Current five year jumbo rates are at 5.07 percent this week, down from last week’s average home interest loan rate 0f 5.41 percent.

Today’s seven year jumbo mortgages are averaging 5.53 percent, up from the prior week’s average mortgage loan interest rate of 5.39 percent.

The average 10 year jumbo ARM is at  5.96 percent this week, a big drop from last week’s average interest rate of 6.65 percent.

Conforming Interest Only Mortgage Rates (IO Loan)

Three year interest only mortgage loan rates are averaging 4.56 percent this week, up from the prior week’s average three year home loan rate of 4.40 percent.

The average five year interest only loan is at 4.32 percent, up from the last week’s average five year interest rate of 4.23 percent.

Seven year IO mortgage rates are averaging 4.79 percent, an increase from last week’s average IO rate of 4.71 percent.

Jumbo Interest Only Mortgage Rates (IO Loans)

Average rates on a three year jumbo interest only mortgage is at 5.38 percent this week, down from the previous week’s average of 5.53 percent.

Average five year jumbo IO mortgage are at 5.47 percent this week, down .50 percent from last week’s average IO rate of 5.97 percent.

The average seven year jumbo IO mortgage rate is at 5.89 percent, up from last week’s average jumbo rate of 5.66 percent.

Home Equity Loan Rates

Average rates on a 10 year home equity loan is down slightly to 7.488 percent, down slightly from the prior week’s average equity home loan rate of 7.494 percent.

Average 15 year home equity rates decreased to 7.615 percent this week, down from the last week’s average home equity loan rate of 7.624 percent.

Home Equity Line of Credit Rates (HELOC)

The average home equity line of credit rate was down slightly to 4.900 percent this week, down from last week’s average HELOC rate of 4.904 percent.

Looking for the today’s mortgage rates? The best mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Find Mortgage Interest Rates .

Real Estate Agents, display average mortgage rates on your website by using our free mortgage rates widgets that now include jumbo mortgage rates. Mortgage Widget Code

Long term mortgage rates increased slightly in this week’s Mortgage Applications Survey released this morning by the Mortgage Bankers Association. The average contract 30 year mortgage rate increased from 4.79 percent to 4.88 percent, with average mortgage discount points increasing to 1.17 points from 1.00 point.

Looking for today’s mortgage interest rates? Find current mortgage rates in your state by using our Mortgage Rate Tables: Search for mortgage rates here

The average contract 15 year mortgage rate increased to 4.33 percent from 4.27 percent for the week ending December 4, 2009, with average mortgage points decreasing to 1.02 points from 1.33 points.

Average contract mortgage interest rates for one year adjustable mortgages decreased to 6.55 percent for the week ending December 4, 2009, down from the prior week’s average contract mortgage interest rate of 6.56 percent. Mortgage points increased to 0.38 points from 0.34 points.

Mortgage loan application volume for home purchases increased 8.5 percent on a seasonally adjusted basis from one week earlier. Mortgage refinance application volume increased 11.1 percent from the previous week.

For a more extensive mortgage rate report, MonitorBankRates.com released its Weekly Mortgage Rate Report on Monday, following is the report:

Today’s Mortgage Interest Rates

Average 30 year mortgage rates increased to 4.95 percent this week, up from the prior week’s average 30 year interest loan rate of 4.85 percent.

Average 15 year mortgage rates are up to 4.40 percent this week, up from last week’s average home loan rate of 4.35 percent.

Jumbo Mortgage Interest Rates

Average 30 year jumbo home loans are at 5.74 percent this week, an increase from last week’s home loan of 5.65 percent.

The average rate on a 15 year jumbo home loan is at 5.18 percent this week, up from the previous interest loan rate of 5.12 percent.

Conforming Adjustable Mortgage Interest Rates

The average 0ne year adjustable mortgage rate jumped to 4.51 percent this week, up from the prior week’s one year home loan mortgage rate of 4.11 percent.

Average three year adjustable rate mortgages are at 4.42 percent, an increase from last week’s average mortgage rate of 4.20 percent.

The average five year ARM is at 4.19 percent this week, up from the prior week’s average loan rate of 4.11 percent.

Seven year ARMs are averaging 4.58 percent this week, up from the previous week’s average bank loan rate of 4.52 percent.

The average ten year mortgage is back above 5.00 percent at 5.07 percent, up from last week’s average 10 year mortgage interest rate of 4.86 percent.

Jumbo Adjustable Mortgage Rates

Average 0ne year jumbo ARMs are at 5.48 percent this week, unchanged from last week’s average loan interest rate.

The average three year jumbo mortgage loan is at 5.26 percent this week, down from last week’s average rate of 5.40 percent.

Current five year jumbo rates are at 5.07 percent this week, down from last week’s average home interest loan rate 0f 5.41 percent.

Today’s seven year jumbo mortgages are averaging 5.53 percent, up from the prior week’s average mortgage loan interest rate of 5.39 percent.

The average 10 year jumbo ARM is at  5.96 percent this week, a big drop from last week’s average interest rate of 6.65 percent.

Conforming Interest Only Mortgage Rates (IO Loan)

Three year interest only mortgage loan rates are averaging 4.56 percent this week, up from the prior week’s average three year home loan rate of 4.40 percent.

The average five year interest only loan is at 4.32 percent, up from the last week’s average five year interest rate of 4.23 percent.

Seven year IO mortgage rates are averaging 4.79 percent, an increase from last week’s average IO rate of 4.71 percent.

Jumbo Interest Only Mortgage Rates (IO Loans)

Average rates on a three year jumbo interest only mortgage is at 5.38 percent this week, down from the previous week’s average of 5.53 percent.

Average five year jumbo IO mortgage are at 5.47 percent this week, down .50 percent from last week’s average IO rate of 5.97 percent.

The average seven year jumbo IO mortgage rate is at 5.89 percent, up from last week’s average jumbo rate of 5.66 percent.

Home Equity Loan Rates

Average rates on a 10 year home equity loan is down slightly to 7.488 percent, down slightly from the prior week’s average equity home loan rate of 7.494 percent.

Average 15 year home equity rates decreased to 7.615 percent this week, down from the last week’s average home equity loan rate of 7.624 percent.

Home Equity Line of Credit Rates (HELOC)

The average home equity line of credit rate was down slightly to 4.900 percent this week, down from last week’s average HELOC rate of 4.904 percent.

Looking for the best mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Find Mortgage Rates Here.

Real Estate Agents, display average mortgage rates on your website by using our free mortgage rates widgets that now include jumbo mortgage rates. Get mortgage widget code here

Home prices rose 0.9 percent in the third quarter of 2009 according to Feddie Mac. Is the biggest housing recession since the savings and loan fiasco in the late 80′s and early 90′s finally ending?

This morning Freddie Mac released its Conventional Mortgage Home Price Index showing home prices in the United States as a whole are up 0.9 percent. The second quarter numbers were revised upward to show a 2.0 percent gain.

Looking for today’s mortgage interest rates? Find current mortgage rates in your state by using our Mortgage Rate Tables: Search for mortgage rates here

The increases of the past two quarters of this year erase 40 percent of the home price declines during the last quarter of 2008 and the first quarter of 2009.

Frank Nothaft, Freddie Mac vice president and chief economist had the following comments:

The home-price gains of the past two quarters reflect improving existing home sales over that period. Sales volume was up 15 percent between the first and third quarters of this year. The lowest average fixed-rate mortgage rates in a half-century, lower house prices, incentives to encourage first-time buyers, and loan modification efforts to stem foreclosures have worked together to support sales and reduce the inventory of unsold homes.

Moreover, the price gains were broad-based with increases in seven of nine regions during the third quarter and all nine regions up from their first quarter values. Prices are still down relative to their peaks in most markets. For example, as measured by the CMHPI, values in the New England, East North Central and Pacific divisions are at 2004 levels, on average, and the South Atlantic, West North Central, and Mountain states’ home values are at 2005 levels. In contrast, average values in the West South Central area have tied their previous peak from the third quarter of 2008, while average home values in the Middle Atlantic and East South Central states have reached 2006 and 2007 levels, respectively.

Let’s hope the trend continues!

Average certificate of deposit rates declined again this week over last. There is hope that the future direction of CD rates will be higher since the economy is getting stronger. This past Friday, the U.S. Labor Department released monthly employment data showing the unemployment rate dropped to 10.0 percent in November from 10.2 percent in October.

Stronger economic numbers in coming months might prompt the FOMC to raise interest rates sooner than expected. Higher interest rates will drive banks to raise interest rates on deposit accounts.

Current Average CD Rates

The average 3 month certificate of deposit rate is currently at 0.548 percent this week, down from the prior week’s average rate of 0.563 percent.

The average six month CD interest rate is at 0.802 percent, down from last week’s average rate of 0.825 percent.

The average one year CD rate is at 1.079 percent, down from the previous week’s average interest rate of 1.102 percent.

Average 18 month CD rates are at 1.245 percent, down from last week’s average rate of 1.267 percent.

Average two year rates are 1.552 percent this week, down from the prior week’s average of 1.578 percent.

Three year CD rates are averaging 1.870 percent, down from the previous week’s average of 1.895 percent.

The average four year rate is 2.096 percent this week, down from last week’s average rate of 2.118 percent.

Five year interest rates are averaging 2.373 percent, down from the prior week’s average rate of 2.407 percent.

Find the Best Bank CD Rates in your zip code by searching our CD Rate Tables.

Homeowners insurance will protect your home and the belongings in your home in the event of a fire, theft or other damage to your property. Even if you do not own the home or apartment you live in, you should consider renters insurance which will help you replace items lost for the same reasons above. If you have financed your home (like most homeowners), the bank will require you to have homeowners insurance coverage.

Tip: Get a discount on your insurance by having auto insurance and homeowners insurance with the same insurance company.

Finding the best insurance policy for your needs is the easy part. You also need to take inventory of the possessions in your home, which can be a time consuming process. The process should be repeated every year. You should also update your policy when you make any large purchases.  The list should include expensive items and inexpensive items. Those inexpensive items add up quickly if you have to replace everything you own at once.

When you inventory belongings in your home, be sure to also take photos or a video recording of all of your belongings. Make a very detailed list and include item sizes and manufacturer.  For example, instead of listing a “large T.V.” list the item as a Panasonic 52 inch flat panel T.V.

Tip: The Insurance Information Institute (iii.org) offers free online home inventory software.  The “Know Your Stuff” software is easy to use and allows you to record items by room, purchase price, date purchased, serial number information and allows you to upload photos.

Tip: Be sure to include jewelry items, you can get a rider on your homeowners insurance policy for these items.

Now that you have a detailed list with photos or video recordings, at the risk of stating the obvious, do not keep the list in your home. Keep the list in another home, safe deposit box, with a family member or with someone else you feel comfortable knowing the value of your possessions.

Find the best homeowners and renters insurance here by using our tool that lists insurance companies offering coverage in your zip code. Homeowners Insurance Company Finder.

Today’s mortgage interest rates are up slightly compared last week’s average mortgage rates. 30 year conforming mortgage rates rose to 4.95 percent, up from the near record lows set last week.  15 year conforming mortgage rates are up to 4.40 percent this week. 30 year jumbo mortgage rates and 15 year jumbo mortgage rates were also up this week over last.

Looking for mortgage rates? Find current mortgage rates in your state by using our Mortgage Rate Tables: Search for mortgage rates here

Prior to this week, average mortgage interest rates have been declining for several weeks. I expect mortgage interest rates to remain in a tight range until the first quarter of 2010 when the Fed completes its purchases of mortgage-backed securities.

Today’s Mortgage Interest Rates

Average 30 year mortgage rates increased to 4.95 percent this week, up from the prior week’s average 30 year interest loan rate of 4.85 percent.

Average 15 year mortgage rates are up to 4.40 percent this week, up from last week’s average home loan rate of 4.35 percent.

Jumbo Mortgage Interest Rates

Average 30 year jumbo home loans are at 5.74 percent this week, an increase from last week’s home loan of 5.65 percent.

The average rate on a 15 year jumbo home loan is at 5.18 percent this week, up from the previous interest loan rate of 5.12 percent.

Conforming Adjustable Mortgage Interest Rates

The average 0ne year adjustable mortgage rate jumped to 4.51 percent this week, up from the prior week’s one year home loan mortgage rate of 4.11 percent.

Average three year adjustable rate mortgages are at 4.42 percent, an increase from last week’s average mortgage rate of 4.20 percent.

The average five year ARM is at 4.19 percent this week, up from the prior week’s average loan rate of 4.11 percent.

Seven year ARMs are averaging 4.58 percent this week, up from the previous week’s average bank loan rate of 4.52 percent.

The average ten year mortgage is back above 5.00 percent at 5.07 percent, up from last week’s average 10 year mortgage interest rate of 4.86 percent.

Jumbo Adjustable Mortgage Rates

Average 0ne year jumbo ARMs are at 5.48 percent this week, unchanged from last week’s average loan interest rate.

The average three year jumbo mortgage loan is at 5.26 percent this week, down from last week’s average rate of 5.40 percent.

Current five year jumbo rates are at 5.07 percent this week, down from last week’s average home interest loan rate 0f 5.41 percent.

Today’s seven year jumbo mortgages are averaging 5.53 percent, up from the prior week’s average mortgage loan interest rate of 5.39 percent.

The average 10 year jumbo ARM is at  5.96 percent this week, a big drop from last week’s average interest rate of 6.65 percent.

Conforming Interest Only Mortgage Rates (IO Loan)

Three year interest only mortgage loan rates are averaging 4.56 percent this week, up from the prior week’s average three year home loan rate of 4.40 percent.

The average five year interest only loan is at 4.32 percent, up from the last week’s average five year interest rate of 4.23 percent.

Seven year IO mortgage rates are averaging 4.79 percent, an increase from last week’s average IO rate of 4.71 percent.

Jumbo Interest Only Mortgage Rates (IO Loans)

Average rates on a three year jumbo interest only mortgage is at 5.38 percent this week, down from the previous week’s average of 5.53 percent.

Average five year jumbo IO mortgage are at 5.47 percent this week, down .50 percent from last week’s average IO rate of 5.97 percent.

The average seven year jumbo IO mortgage rate is at 5.89 percent, up from last week’s average jumbo rate of 5.66 percent.

Home Equity Loan Rates

Average rates on a 10 year home equity loan is down slightly to 7.488 percent, down slightly from the prior week’s average equity home loan rate of 7.494 percent.

Average 15 year home equity rates decreased to 7.615 percent this week, down from the last week’s average home equity loan rate of 7.624 percent.

Home Equity Line of Credit Rates (HELOC)

The average home equity line of credit rate was down slightly to 4.900 percent this week, down from last week’s average HELOC rate of 4.904 percent.

Looking for the best mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Find Mortgage Rates Here.

Real Estate Agents, display average mortgage rates on your website by using our free mortgage rates widgets that now include jumbo mortgage rates. Get mortgage widget code here

Chase Bank is advertising some of the best auto loan rates available today for new car purchases and used car purchases directly from dealers. Chase Bank also offers auto refinance loans.

If you’re a current Chase checking account holder or savings account holder, you can get .50 percent of the current advertised auto loan rate. There is a loan origination fee of $75.

We did a search for auto loans in St. Paul, Minnesota on Chase Bank’s website and were quoted car loan rates for 48 months, 60 months and 72 months. Naturally, the used car loan rates were higher than the new car loan rates but not substantially higher.

New Auto Loan Rates

• 48 months new auto loan APR – 4.86%
• 60 months new auto loan APR – 4.97%
• 72 months new auto loan APR – 5.90%

Used Auto Loan Rates

• 48 months used auto loan APR – 4.91%
• 60 months used auto loan APR – 5.02%
• 72 months used auto loan APR – 6.00%

Refinance Auto Loan

• 48 months refinance APR – 4.86%
• 60 months refinance APR – 4.97%
• 72 months refinance APR – 5.90%

You can earn the .25% discount off the rate when you select an automatic payment from a Chase checking or savings account. This discount will apply as long as you have enough funds in your account. If a payment isn’t made because of insufficient funds, the .25 discount will no longer apply.

Another discount of .25% is offered to all Chase Premier Checking or Chase Premier Platinum Checking account holders.

Chase Bank also offers an auto loan calculator and other various tools to help you figure out the monthly loan payments and find out which loan best suits you.

Chase Bank Auto Loan Rates

Long term mortgage rates have hit new all time lows in the latest Primary Mortgage Market Survey released by Freddie Mac this morning. Both 30 year mortgage rates and 15 year mortgage rates have hit new lows this week.

Looking for Today’s Mortgage Mortgage Interest Rates? Current Mortgage Rates can be found in your state by using our Mortgage Rate Tables:

Current Mortgage Rates Here

30 year mortgage interest rates are at 4.71 percent with average mortgage discount points of 0.7, down from the prior week’s average mortgage rate of 4.78 percent. This rate is the lowest rate since 1971 when Freddie began it’s weekly mortgage survey.

15 year mortgage interest rates are at 4.27 percent with average mortgage points at 0.6, down from the previous week’s average mortgage loan rate of 4.29 percent. 15 year interest rates are lowest since Freddie started tracking 15 year loan rates in 1991.

5 year U.S. Treasury indexed adjustable mortgage rates are at 4.19 percent, up slightly over last week’s average loan rate of 4.18 percent. Mortgage points averaged 0.6 points.

1 year U.S. Treasury indexed adjustable rate mortgages averaged 4.25 percent, down from last week’s average mortgage interest rate of 4.35 percent. Average discount points were 0.6 points.

Earlier this week, MonitorBankRates.com released  its Weekly Mortgage Rate Report, following is the report.

Current Mortgage Rates:

30 year mortgage rates declined to 4.85 percent this week, down from last week’s average home loan rate of 4.90 percent, almost matching an all time low 4.84 percent set May 18, 2009.

15 year mortgage rates are down to 4.35 percent this week from last week’s average loan rate of 4.37 percent. 15 year mortgage rates hit a new low for 2009.

Jumbo Mortgage rates

30 year jumbo mortgage rates are averaging 5.65 percent this week, down from last week’s mortgage rate of 5.69 percent.

15 year jumbo mortgage rates are averaging 5.12 percent this week, down from the previous week’s average rate on a 15 year home loan of 5.19 percent.

Adjustable Mortgage Rates

One year adjustable mortgage rates are averaging  4.11 percent this week, down from the previous week’s one year home loan rate of 4.30 percent.

Three year adjustable rate mortgages are averaging 4.20 percent this week, down from the prior week’s average rate for a three year mortgage loan of 4.40 percent.

Average five year mortgage rates are at 4.11 percent this week, up from last week’s average home loan interest rate of 4.06 percent.

The average rate on a seven year ARM is at 4.52 percent this week, up from last week’s average home bank loan rate of 4.50 percent.

Ten year ARMs are averaging 4.86 percent this week, down from the previous week when 10 year mortgage interest rates were at 4.88 percent.

Jumbo Adjustable Mortgage Rates

One year jumbo adjustable mortgage rates are averaging 5.48 percent this week,  down slightly from last week’s average loan interest rate of 5.49 percent.

Three year jumbo loans are averaging 5.40 percent this week, down from last week’s average mortgage interest rate of 5.42 percent.

Today’s five year jumbo rates are at 5.41 percent this week, up over .50 percent from last week’s average home mortgage loan rate 0f 4.83 percent.

The current average mortgage rate on a seven year jumbo mortgage is at 5.39 percent, down from last week’s average mortgage loan interest rate of 5.57 percent.

The average rate on a 10 year jumbo ARM is at  6.65 percent, up almost one percent from last week’s average loan rate of 5.89 percent.

Interest Only Mortgage Rates (IO Loans)

Average three year interest only loan rates are at 4.40 percent this week, down from last week’s three year home loan rate of 4.50 percent.

Average five year IO loans are at 4.23 percent, up from the prior week’s average five year loan interest rates of 4.15 percent.

Average seven year IO mortgage rates are averaging 4.71 percent this week, up from last week’s average interest rate of 4.70 percent.

Jumbo Interest Only Mortgage Rates (IO)

The average rate on a three year jumbo interest only mortgage is unchanged at 5.53 percent this week over last.

The average five year jumbo IO mortgage is at 5.97 percent this week, up from the prior week’s average IO mortgage rate of 5.23 percent.

The average seven year jumbo IO mortgage rate is at 5.66 percent, down from last week’s average jumbo rate of 5.94 percent.

Home Equity Loan

The average rate on a 10 year home equity loan is down slightly to 7.494 percent this week, down from the prior week’s average equity home loan rate of 7.496 percent.

The average 15 year home equity rate decreased to 7.624 percent this week, down from the last week’s average home equity loan rate of 7.629 percent.

Home Equity Line of Credit Rates (HELOC)

The average home equity line of credit rate was up slightly to 4.904 percent this week, up from last week’s average HELOC rate of 4.898 percent.

Looking for Mortgage Rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Find Mortgage Rates Here

During the housing boom we saw several years ago, homeowners used the equity in their homes as a piggy bank. The credit crunch, the downturn in housing prices, and the recession turned the equity loan spigot off for many. As a result, banks lowered available credit in home equity lines of credit and sometimes closed HELOC accounts if no money was owed.

Now that housing prices are stabilizing and even going up again in some areas, banks have become more willing to open lines of credit. A HELOC or home equity loan can be a smart way to go if you’re in need of a loan.

Rates on both types of loans are typically lower than credit card rates and auto loan rates on average. The average HELOC rate is also cheaper than the average home equity loan rate and 30 year mortgage interest rate.

One major difference between the two types of loans is a home equity loan is a fixed rate loan and a HELOC is a variable rate loan, meaning the interest rate you pay can change at anytime.

Another major difference is with a home equity loan you are given the total loan at once and with a HELOC you can take out what you need (or nothing at all) but you don’t have to take out the entire loan amount.

If you’re looking for either type of loan, you can use our rate tables to find banks and lenders offering rates in your state or zip code. Find the lowest loan rates here.

Mortgage rates have declined again in the latest survey released by the Mortgage Bankers Association this morning. The average contract 30 year mortgage rate is down to 4.79 percent in the latest Mortgage Application Survey, down from the previous week’s average mortgage rate of 4.82 percent.

Average mortgage discount points on a 30 year home loan decreased to 1.00 point from the prior week’s average of 1.19.

Looking for Current Mortgage Rates? Today’s Mortgage Interest Rates can be found in your state by using our Mortgage Rate Tables: Best Mortgage Rates Here

The average 15 year mortgage contract rate is down to 4.27 percent for the week ending November 27, 2009, down from the prior week’s average home loan rate of 4.32 percent. Average mortgage points increased to 1.33  points from 1.05 points a week earlier.

The contract interest rate for one year adjustable rate mortgages decreased to 6.56 percent, down from last week’s average interest rate of 6.66 percent. Average mortgage points increased to 0.34 points from 0.33 points.

Lower mortgage rates didn’t cause an increase in mortgage applications in the latest survey. The MBA’s Market Composite Index, which measures mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one week earlier.

The Refinance Index, which measures mortgage refinance application volume decreased 1.7 percent on a seasonally adjusted basis from one week earlier.

MonitorBankRates.com released its weekly mortgage rate report on Monday, following is the report.

Today’s Mortgage Rates:

30 year mortgage rates declined to 4.85 percent this week, down from last week’s average home loan rate of 4.90 percent, almost matching an all time low 4.84 percent set May 18, 2009.

15 year mortgage rates are down to 4.35 percent this week from last week’s average loan rate of 4.37 percent. 15 year mortgage rates hit a new low for 2009.

Jumbo Mortgage rates

30 year jumbo mortgage rates are averaging 5.65 percent this week, down from last week’s mortgage rate of 5.69 percent.

15 year jumbo mortgage rates are averaging 5.12 percent this week, down from the previous week’s average rate on a 15 year home loan of 5.19 percent.

Adjustable Mortgage Rates

One year adjustable mortgage rates are averaging  4.11 percent this week, down from the previous week’s one year home loan rate of 4.30 percent.

Three year adjustable rate mortgages are averaging 4.20 percent this week, down from the prior week’s average rate for a three year mortgage loan of 4.40 percent.

Average five year mortgage rates are at 4.11 percent this week, up from last week’s average home loan interest rate of 4.06 percent.

The average rate on a seven year ARM is at 4.52 percent this week, up from last week’s average home bank loan rate of 4.50 percent.

Ten year ARMs are averaging 4.86 percent this week, down from the previous week when 10 year mortgage interest rates were at 4.88 percent.

Jumbo Adjustable Mortgage Rates

One year jumbo adjustable mortgage rates are averaging 5.48 percent this week,  down slightly from last week’s average loan interest rate of 5.49 percent.

Three year jumbo loans are averaging 5.40 percent this week, down from last week’s average mortgage interest rate of 5.42 percent.

Today’s five year jumbo rates are at 5.41 percent this week, up over .50 percent from last week’s average home mortgage loan rate 0f 4.83 percent.

The current average mortgage rate on a seven year jumbo mortgage is at 5.39 percent, down from last week’s average mortgage loan interest rate of 5.57 percent.

The average rate on a 10 year jumbo ARM is at  6.65 percent, up almost one percent from last week’s average loan rate of 5.89 percent.

Interest Only Mortgage Rates (IO Loans)

Average three year interest only loan rates are at 4.40 percent this week, down from last week’s three year home loan rate of 4.50 percent.

Average five year IO loans are at 4.23 percent, up from the prior week’s average five year loan interest rates of 4.15 percent.

Average seven year IO mortgage rates are averaging 4.71 percent this week, up from last week’s average interest rate of 4.70 percent.

Jumbo Interest Only Mortgage Rates (IO)

The average rate on a three year jumbo interest only mortgage is unchanged at 5.53 percent this week over last.

The average five year jumbo IO mortgage is at 5.97 percent this week, up from the prior week’s average IO mortgage rate of 5.23 percent.

The average seven year jumbo IO mortgage rate is at 5.66 percent, down from last week’s average jumbo rate of 5.94 percent.

Home Equity Loan

The average rate on a 10 year home equity loan is down slightly to 7.494 percent this week, down from the prior week’s average equity home loan rate of 7.496 percent.

The average 15 year home equity rate decreased to 7.624 percent this week, down from the last week’s average home equity loan rate of 7.629 percent.

Home Equity Line of Credit Rates (HELOC)

The average home equity line of credit rate was up slightly to 4.904 percent this week, up from last week’s average HELOC rate of 4.898 percent.

Looking for Mortgage Rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Find Mortgage Rates Here

Looking for the highest five year certificate of deposit rates available today? We have compiled a list of the top 10 five year CD rates in California. Check for current CD rates in your zip code by using our five year CD rate tables here.

Granted, even five year CD rates aren’t that great these days considering over a year ago one could find one year CD rates more than double the current five year rate. The current five year national average CD rate is only 2.40 percent but we have rates listed that are higher than the national average rate.

Discover Bank tops our top ten list of the highest CD rates with their current CD rate at 3.25 percent with an annual percentage yield of 3.30 percent. Next on the list of top ten five year rates is First Internet Bank of Indiana, with a current APY of 3.30 percent.

Third on the top ten list is E-loan with a current APY of 3.20 percent. The minimum opening deposit to receive this APY for a 5 year CD account is $10,000. Fourth on the list is Nationwide Bank. Their APY for a five year CD is at 3.15 percent with a minimum deposit of $10,000.

Next is Ally Bank with the current APY at 3.10 percent with a minimum opening deposit of only $1.00. AIG Bank is sixth on the list with their APY at 3.05 percent and a minimum opening account balance of $2,500.

Imperial Capital Bank is offering an APY of 3.03 percent with a minimum opening deposit of $2,000. Rounding out the list is Bank of the West, Bank of America and PenFed, all have current annual percentage yields of 3.00 percent. Best CD Rates.

Display National Average CD Rates on your website by using our free CD rate widet. Get the free CD rate widget here.

Coulee Bank of La Crosse, Wisconsin is offering a rewards checking accountthat currently has a rewards annual percentage yield of 4.04 percent. As with all rewards checking accounts, there is a certain number of transactions that have to be made each month to receive the rewards checking rate. 

If you fail to meet the requirements at Coulee Bank, the APY is only 0.10 percent. The monthly “qualification cycle” starts on the last business day of a month and ends on the second to last business day of the next month.

The minimum cycle transactions are the following

1. Make at least 10 debit card point-of-sale transactions (excluding ATM transactions).
2. Receive a monthly Electronic Statement.
3. One direct deposit or ACH Auto Debit (transaction must be over $1.00).

The bank’s “E-Rate” is on account balances of $25,000 or less. Checking account balances over $25,000 only earn an APYof 0.51 percent. There are no monthly fees on the account and no minimum balances. There is a minimum opening deposit of $50.

You are also reimbused $20 per month for ATM fees, but if you fail to meet the required transactions for a given month you are NOT reimbused ATM fees for that month.

Coulee Bank Rewards Checking Account

One year certificate of deposit rates are averaging 1.08 percent today but you can find one year CD rates as high as 2.00 percent.

UFB Direct tops our list of 12 month CD rates in Atlanta, GA. The bank’s current rate on a 12 month certificate of deposit is at 1.98 percent and has an annual percentage yield of 2.00 percent. The minimum balance to receive this rate and yield is $8,000.

Ally Bank and Discover Bank are next on the list, both banks have the same APY of 1.90 percent for a 12 month certificate of deposit. Discover Bank’s minimum opening CD account deposit is $2,500 and Ally Bank’s minimum opening deposit is $1.00 (yes, one dollar).

Next on the CD rate table is AIG Bank with a current CD rate of  1.83 percent with an APY of 1.85 percent. The minimum opening deposit on AIG’s 12 month certificate of deposit is $2,500.

GiantBank.com is offering a certificate of deposit rate of 1.79 percent with an APY of 1.81 percent. The minimum opening account deposit is $2,500. Sixth on the list of best 12 month CD rates is Nationwide Bank - their current APY is 1.80 percent for account balances between $500 and $99,999. The APY is even higher for balances of $100,000 and above currently with an APY of 1.85 percent.

Seventh on the list of the top ten best 12 month CD rates is E-loan. Their current APY for a one year CD is 1.75 percent with the minimum opening deposit is $10,000. Eighth on the list is EverBank with their current APY at 1.65 percent and a minimum deposit of $1,500.

Ninth on the list is ING Direct whose current APY is also 1.75 percent but the minimum opening deposit is only $1.00. The last bank on the list is Bank of Internet with their current APY at 1.65 percent and a minimum opening deposit of $1,000.

Find the best CD rates in your zip code by using our CD rate search engine. Search for the best CD rates here.

Display National Average CD Rates on your side buy using our free CD Rates Widget Here.

Current mortgage interest rates are mixed to slightly lower compared to yesterday’s average mortgage interest rates. 30 year conventional mortgage rates are unchanged and 15 year conventional mortgage rates are down slightly compared to yesterday.

Find the Best Mortgage Rates in your state or zip code by using our Mortgage Rate Tables: Search Mortgage Rate Tables Here

Average 30 year jumbo mortgage rates are at 5.66 percent, up slightly from yesterday’s average mortgage interest rate of 5.65 percent. 15 year jumbo mortgage rates are up to 5.16 percent, up from yesterday’s average mortgage interest rate of 5.12 percent.

Current mortgage interest rates are expected to remain low until the end of 2009. The direction of interest rates in 2010 will be higher since bank rates are so low right now and the Fed will stat raising rates in the new year.

Current Mortgage Rates

The average 30 year mortgage rate is unchanged at 4.85 percent today. Average 30 year rates are near an all time low of 4.84 percent set in May of 2009.

The average 15 year mortgage rate is down to 4.34 percent today, down from the prior day’s average mortgage loan rate of 4.35 percent. Average 15 year home loan rates continue to make new lows daily.

Jumbo Rate Mortgages

Average 30 year jumbo mortgage rates are at 5.66, up from yesterday’s average loan rate of 5.65 percent.

Average 15 year jumbo mortgage rates are at 5.16 percent, up from the previous day’s average interest rate on a 15 year mortgage of 5.12 percent.

Adjustable Rate Mortgages

The average one year adjustable rate mortgage is at 4.11 percent, unchanged from the previous day’s average one year home loan interest rate.

The average three year adjustable mortgage rate is at 4.27 percent today, up from the prior day’s average rate for a three year mortgage loan of 4.20 percent.

The average five year mortgage interest rate is at 4.09 percent, down from yesterday’s average home loan interest rate of 4.11 percent.

Average mortgage rates on a seven year ARM is at 4.46 percent today, down from the prior average home bank loan rate of 4.52 percent.

The average rate on a ten year ARM is at 4.79 percent, down from yesterday’s average 10 year mortgage rate of 4.86 percent.

Jumbo Adjustable Rate Mortgages

The average one year jumbo adjustable rate mortgage is at 5.48 percent, unchanged from yesterday’s average home loan interest rate.

The average three year jumbo loan rate is at 5.40 percent this week, unchanged from yesterday’s average three year mortgage interest rate.

Currently, five year jumbo rates are at 5.43 percent, up from the prior day’s average home mortgage loan rate 0f 5.41 percent.

Current seven year mortgage rates are averaging 5.44 percent, up from yesterday’s average mortgage loan interest rate of 5.39 percent.

10 year mortgage rates are averaging 6.61 percent, down from the prior day’s average mortgage loan rate of 6.65 percent.

Interest Only Mortgages (IO Mortgages)

The average three year interest only mortgage loan rate is at 4.39 percent, down slightly from the previous day’s home loan rate of 4.40 percent.

The average five year IO mortgage loan rate is at 4.20 percent, down from yesterday’s five year mortgage interest rate of 4.23 percent.

The average seven year interest-only mortgage rate is at 4.62 percent today, down from the prior day’s average interest rate of 4.71 percent.

Jumbo Interest Only Mortgages

Average three year jumbo interest-only mortgage rates are at 5.52 percent, down from yesterday’s average mortgage rate of 5.53 percent.

Average five year jumbo IO mortgages are currently at 6.00 percent, up from the prior day’s average IO mortgage interest rate of 5.97 percent.

Average seven year jumbo IO mortgage rates are at 5.74 percent, up from the previous day’s average jumbo rate of 5.66 percent.

Home Equity Loan Rates

Average rates on a 10 year home equity loan are at  7.492 percent, down fractionally from yesterday’s average equity home loan rate of 7.494 percent.

Average 15 year home equity rates are at 7.622 percent today, down from yesterday’s average home equity loan rate of 7.624 percent.

Home Equity Line of Credit (HELOC)

Average home equity line of credit rates are unchanged at 4.904 percent today.

Current mortgage rates, including jumbo rates, can be found in your state or zip code by searching our bank mortgage rate tables. Find Mortgage Rates Here

Real Estate Agents, keep your website and clients up to date with current mortgage rates (rates listed by state) by using our Mortgage Rates Widgets on our website. Your clients will be able to get current mortgage quotes from various lenders.