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Archives for February 2010American Express is offering special deals for their credit card holders. Some of the offers coming up in the near future include a $100 Bed, Bath & Beyond gift card that costs $50, a $200 Best Buy gift card that costs $100 and a $50 Barnes and Noble gift card that will cost you only $25.00. American Express if offering different deals each day and you can sign up for weekly alerts to find out in advance what the sale times are each day. There is a limit of the number of deals available for each deal, usually between 25 to 100 depending on the deal. American Express Corporate credit cards and prepaid cards are not eligible for these deals. For more information on American Express credit card deals visit American Express Daily Wish here: Daily Wish
30 year mortgage rates are averaging 5.05 percent for the week ending February 25, 2010, up from last week’s average 30 year mortgage interest rate of 4.93 percent. Mortgage discount points averaged 0.7 points. The best refinance rates and mortgage rates can be found in your state or zip code by using our mortgage rate tables. Mortgage Rates & Refinance Rates The average 15 year mortgage rate increased to 4.40 percent, up from last week’s average home loan rate of 4.33 percent. Mortgage discount points were unchanged at 0.7 points. The average 5 year U.S. Treasury indexed adjustable rate mortgage is at 4.16 percent this week, an increase from the prior week’s average mortgage rate of 4.12 percent. Mortgage Discount points averaged 0.6 points. The average 1 year Treasury indexed adjustable mortgage rate decreased this week over last. One year ARMs were down to 4.15 percent, down from last week’s average mortgage rate of 4.23 percent. The average mortgage discount point was 0.6 points. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Rate Report on Monday, which follows:
Looking mortgage refinance rates? Use our mortgage rate tables to find current refinance rates. Mortgage Refinance Rates.
Here is a current list of the top 12 month CD rates in New York, New York. You can find the best CD rates in your area by search our CD rate tables: Best CD Rates
Find the highest CD rates in your area: Highest CD Rates
The “Saving Account Widget” is a great tool for financial websites or any other website that would like to keep their readers up to date with current savings account rates and money market account rates. MonitorBankRates.com also offers a free CD Rates Widget that lists national average CD rates, free mortgage rate widgets that lists mortgage rates nationally and mortgage rates by state.
15 year mortgage rates increased to 4.35 percent for the week ending February 19, 2010, up from the previous week’s average 15 year mortgage rate of 4.33 percent. Mortgage discount points increased to 1.31 points from 1.02 points the previous week. 1 year adjustable mortgage rates increased to 6.80 percent, up from last week’s average of 6.67 percent. Average mortgage points decreased to 0.33 points from 0.32 points. Looking for today’s mortgage rates? Find mortgage rates by using our mortgage rate tables: Today’s Mortgage Rates. Mortgage applications were down again in the latest mortgage survey. The Refinance Index, which measures applications for refinancing, decreased 8.9 percent from the previous week. The seasonally adjusted Purchase Index, which measures applications for home purchases, decreased 7.3 percent from one week earlier. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Rate Report on Monday, which follows:
The best refinance rates and mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Refinance Interest Rates - Mortgage Interest Rates
Right now, Georgia Bank & Trust tops our list of the best savings account rates and money market account rates in Atlanta Georgia. Georgia Bank & Trust is offering a savings account that currently has annual percentage yield (APY) of 1.61 percent. The minimum opening account balance is $5,000. Looking for the best interest rates? Search our savings account/money market account interest rate tables for the best interest rates: Best Interest Rates UFB Direct is second on our list with a savings account rate of 1.54 percent and an APY of 1.55 percent. Tied for third on the list of the best savings account rates and money market account rates is American Express Bank and Bank of Internet. Both banks are currently offering a savings account rate of 1.49 percent with an APY of 1.50 percent. There is no minimum opening deposit for a savings account at American Express Bank. Bank of Internet’s minimum opening balance is $100. Here is a list of the best savings account rates and money market account rates in Atlanta, Georgia. Best Money Market Account Rates & Savings Account Rates
Find the highest savings account rates and money market account rates in your area: Best Savings Account Rates and Money Market Account Rates
Fixed jumbo mortgage refinance rates are also up this week, current 30 year jumbo refinance rates are averaging 5.85%, up from last week’s average mortgage refinance rate of 5.62%. Mortgage rates and refinance rates are expected to go higher in the next several months when the Federal Reserve stops buying mortgage-backed securities by the end of March 2010. If you’re thinking about refinancing, now is a good time to do so. Looking for mortgage refinance rates? Use our mortgage rate tables to find current refinance rates. Mortgage Refinance Rates. Refinance Mortgage RatesThe average conforming 30 year mortgage refinance rate is back above 5.00 percent at 5.09 percent, up from last week’s average home refinance rate of 4.95 percent. FHA refinance rates are even lower than conforming refinance rates. 15 year conforming loan refinance rates are averaging 4.39 percent this week, an increase from last week’s home loan refinance rate of 4.34 percent. Jumbo Refinance Mortgage RatesFixed 30-year jumbo refinance rates are averaging 5.85% this week, up from the prior week’s average refinance home loan rate of 5.64%. 15 year jumbo refinance home mortgage rates are averaging 5.07% this week, up from the previous week’s average refinance loan rate of 5.05%. Adjustable Refinance Mortgage Rates1 year adjustable refinance loans are averaging 4.26%, a decrease from last week when 1 year refinance mortgage rates averaged 4.67%. The average conforming 3 year adjustable refinance rate is at 4.61% this week, an increase from last week’s mortgage loan refinance rate of 4.59%. Conforming 5 year adjustable interest mortgage rates are averaging 4.05% this week, unchanged from the previous week’s average mortgage interest rate. The average 5 year mortgage refinance is also unchanged this week at 4.05%. The average 7 year conforming mortgage refinance rate is at 4.60%, up from last week’s average mortgage refinance rate of 4.47%. The average 10 year refinance mortgage rate is at 4.79%, down from last week’s equity refinance rate of 4.90%. Jumbo Refinance Adjustable Mortgage RatesThe average 1 year jumbo adjustable refinance rate is at 5.59%, unchanged from the prior week’s average refinance rate. Right now some of the best refinance rates are 1 year adjustable rates. The average refinance rate for a 3 year jumbo loan is at 5.44% this week, up from the prior week’s average adjustable refinance loan rate of 5.27%. The average 5 year jumbo refinance interest rate is at 4.76% this week, up from last week’s average refinance bank rate of 4.69%. 7 year jumbo refinance home loans are averaging 5.80% this week, up from the previous week’s average refinance home loan rate of 5.61%. The average 10 year home refinance rate is at 5.99%, up from the prior week’s when 10 year home refinance rates averaged 5.92%. Looking for refinancing rates? The best refinance rates can be found in your state by searching our refinance rate tables. Refinance Rates
The average 3 month bank CD rate increased to 0.494 percent, up from the prior week’s average bank CD interest rate of 0.433 percent. Looking for bank CD rates? Use our rate tables to find bank CD rates in your zip code. Bank CD Rates Bank CD Interest Rates
Search for the best CD rates in your zip code here: Best CD rates
The increase in 30 year mortgage rates this week reversed a three week trend of declines. Mortgage interest rates are expected to continue to move higher in the coming months. Fixed jumbo mortgage rates also headed higher this week. 30 year jumbo mortgage rates had the biggest increase and were up 18 basis points over last week. Conforming one year adjustable mortgage rates bucked the trend and dropped 41 basis points. The average one year adjustable mortgage rate declined to 4.26 percent, down from last week’s average one year rate of 4.67 percent. Looking for mortgage rates and refinance rates? Use our mortgage rate tables to find current rates. Mortgage Rates and Refinance Rates. Current Mortgage RatesThe average conforming 30 year mortgage rate is back above 5.00 percent at 5.07 percent this week, up from last week’s average home loan rate of 4.95 percent. 15 year conforming home loans are at 4.43 percent this week, up from the prior week’s average mortgage rate of 4.34 percent. 15 year refinance rates are also averaging 4.34 percent this week. Jumbo Mortgage RatesFixed 30-year jumbo home mortgage loans are averaging 5.82% this week, up from last week’s average mortgage home loan rate of 5.64%. Mortgage refinance rates for jumbo loans are also increased to 5.82 percent this week. Fixed 15 year jumbo interest mortgage rates are averaging 5.10% this week, an increase from last week’s average jumbo loan rate of 5.05%. 15 year mortgage refinance rates increased to 5.10%. Adjustable Mortgage RatesConforming 1 year adjustable mortgage rates are averaging 4.26% this week, down from last week’s average 1 year home loan rate of 4.67%. You can also find average one year refinance rates at 4.26% this week. Today’s 3 year adjustable mortgage interest rates are averaging 4.61%, up from last week’s average mortgage interest rate of 4.59%. Conforming 5 year adjustable interest mortgage rates are averaging 4.05% this week, unchanged from the previous week’s average mortgage interest rate. The average 5 year mortgage refinance is also unchanged this week at 4.05%. Conforming 7 year adjustable mortgage rates are averaging 4.59%, up from last week’s average loan rate of 4.47%. The average 7 year mortgage refinance rate is also at 4.59%. Conforming 10 year bank mortgage rates are averaging 4.83%, down from the prior week’s average mortgage rate of 4.90%. Home loan refinance rates are also at 4.83 percent this week. Jumbo Adjustable Mortgage Rates1 year jumbo adjustable mortgage rates are averaging 5.59% this week, unchanged from the prior week’s average home mortgage loan rate. The average 1 year home refinance rate is also unchanged at 5.59%. The average jumbo 3-year jumbo ARM is at 5.37% this week, up from last week’s average adjustable home loan rate of 5.27%. 3 year home refinance rates are also averaging 5.37% this week. 5 year jumbo ARMs are averaging 4.69% this week, unchanged from the prior week’s average home interest mortgage rate. The average 5 year refinance loan rate is unchanged at 4.69%. 7 year jumbo ARMs are averaging 5.75% this week, up from last week’s average loan mortgage rate of 5.61%. 7 year loan refinance rates are also averaging 5.75%, up from the prior week’s average refinance rate. The average 10 year jumbo mortgage rate is at 5.92%, unchanged from the prior week’s average 10 year mortgage rate. 10 year refinance loan rates are also averaging 5.92% this week. Conforming Interest Only Mortgage Rates3 year interest only mortgage rates are averaging 4.84% this week, up from the prior week’s average interest rate of 4.74%. 3 year IO home loan refinance rates are averaging 4.84% this week. 5 year interest only loans are averaging 4.20% this week, down from last week’s average five year interest only mortgage interest rate of 4.32%. The average 5 year home mortgage refinance rate is also at 4.20% this week. 7 year interest only home loans are averaging 4.77% this week, up from last week’s average interest rate of 4.67%. The average 7 year IO refinance home loan rate is at 4.77% this week. Jumbo Interest Only Mortgage Rates3 year jumbo interest only mortgages are averaging 5.73% this week, up from last week’s jumbo interest mortgage rate of 5.57%. The average 3 year jumbo refinance interest rate is at 5.73% this week. 5 year jumbo IO loan rates are averaging 5.34%, up from the prior week’s average IO mortgage rate of 5.28%. 5 year jumbo refinance interest rates are averaging 5.34% this week. The average jumbo 7 year IO loan mortgage rate is at 6.21%, up from last week’s average jumbo rate of 6.08%. Home Equity Loans RatesThe average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.475% this week, up from last week’s average equity home loan rate of 7.357%. 15 year home equity rates are up to 7.735%, down from the prior week’s average home equity rate of 7.479%. Home Equity Line of Credit (HELOC) RatesAverage home equity line of credit rates are up this week over last. The average HELOC rate is at 4.899% this week, up from last week’s average HELOC rate of 4.669%. The best refinance rates and mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Refinance Interest Rates - Mortgage Interest Rates
The change is part of the Fed’s action to normalize the Fed’s lending facilities. Now that the financial crisis is over and things are getting back to normal the Fed is pulling back the extraordinary liquidity it provided to get us through financial crisis. The Fed also said the action won’t lead to tighter financial conditions for households and businesses and doesn’t signal any change in the outlook for the economy or monetary policy. The action won’t directly affect borrowing costs for millions of Americans. The Fed said the steps taken shouldn’t be seen as a signal that it will soon boost interest rates for consumers and businesses. In the January FOMC meeting, the FOMC said it anticipates keeping the Fed funds rate in the targeted range of zero percent to one quarter percent for an extended period of time.
For example: You have a credit card balance of $10,000. For half the balance, $5,000, you are being charged a rate of 19.99%, the other half you are being charged a rate of 14.00%.
Applying any extra principal payments towards the balance with the highest credit card rate is only one of the new credit card rules that take effect on Monday. For a complete list of new credit card rules that take effect on Monday read: “New Credit Card Rules – How the New Credit Card Laws Affect You.”
Looking for the highest savings account rates and money market account rates? Use our rate tables to find the highest rates. Highest Savings/Money Market Rates The bank offers money market account rates that are tiered – the higher the account balance, the higher the interest rate and interest yield. The current money market rate for account balances from $2,500 to $9,999 is .90 percent with an APY of .90 percent. Account balances between $10,000 and $49,999 receive a rate of 1.25 percent with an APY of 1.26 percent. Account balances of $50,000 and $99,999 receive an account rate of 1.35 percent with an APY of 1.36 percent. Money market account balances between $100,000 and $249,999 receive a rate of 1.40 percent with an APY of 1.41 percent. Account balances of $250,000 and up receive an rate of 1.45 percent with an APY of 1.46 percent. The ”Signature Money Market Account” is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per account per depositor.
This is the second consecutive week that 30 year mortgage rates are under 5.00 percent in the Primary Mortgage Market Survey released by Freddie Mac. Looking for mortgage rates? Use our mortgage rate tables to find current mortgage rates in your state or zip code here: Mortgage Rates. The average conforming 15 year mortgage rate declined to 4.33 percent for the week ending February 11, 2010, down from the previous week’s average mortgage rate of 4.34 percent. Mortgage discount points averaged 0.6 points. 5 year U.S. Treasury indexed adjustable mortgage rates are closing in on 4.00 percent. The average 5 year ARM decreased to 4.12 percent this week, down from last week’s average mortgage rate of 4.19 percent. Mortgage points averaged 0.5 points. The average 1 year U.S. Treasury indexed adjustable mortgage rate decreased to 4.23 percent this week, down from last week’s average mortgage rate of 4.33 percent. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Report on Monday, which follows:
The best refinance rates and mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Refinance Rates & Mortgage Rates 12 month CD rates are averaging less than 1.00 percent as of this morning. The average CD rate is currently at 0.997 percent. You can find CD rates higher than the national average rate. Right now Bay Ridge Federal Credit Union (BRFCU) is offering a 12 month certificate of deposit that currently has a CD rate of 1.73 percent and an APY of 1.75 percent. CD Rate Table Tool: Best CD Rates in Your Area BRFCU also has a bonus CD rate of 1.98 percent with an APY of 2.00 percent for balances of $20,000 or more. You’ll have to join the credit union to open a CD account. Here is a list of the top 12 month certificate of deposit yields that beat the national average rate in Newark, NJ, Tampa, FL, Pleasanton, CA, Reston,VA, Miami, FL, Orlando, FL, Philadelphia, PA, Pittsburgh, PA, Boston, MA and Richardson, TX. Top 12 Month CD RatesNewark, New Jersey:
Pleasanton, California:
The following cities all have the same top 5 CD rates. Tampa, Florida, Miami, Florida, Orlando, Florida, Reston, Virginia, Philadelphia, Pennsylvania, Pittsburgh, Pennsylvania, Boston Massachusetts and Richardson, Texas:
You can find the highest bank CD rates in your area by searching our CD tables: Bank CD Rates
The answer to those questions will depend on how well the Fed soaks up the staggering amount of liquidity they pumped into the system and how high the Fed funds rate goes up. In case you don’t know what the Federal Reserve does, in their own words, ”The Fed conducts the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.” In other words, the Fed can influence how quickly or slowly the economy grows by raising and lowering interest raises and by other means. During the credit crisis the Fed lowered the Fed funds rate to a range of zero percent to one quarter percent and basically became the “lender of last resort” through several liquidity programs. These programs got credit flowing again and saved us from a depression. Unfortunately for depositors, a zero percent Fed funds rate also meant lousy deposit rates. On the positive side, low interest rates and the liquidity programs also gave us record low mortgage rates. Now that we have been saved from the second great depression and the economy is expanding again, the Fed has the delicate task of pulling back all the excess liquidity while making sure we don’t slide back into a recession. On the other side of the coin is an overheated economy. If the Fed waits too long to tighten monetary policy, inflation could rear its ugly head and cause more damage to the economy in the long run. This past week the Fed released a statement entitled “Federal Reserve’s Exit Strategy” which was prepared for a hearing before the Committee on Financial Services. The hearing was postponed due to “snowmageddon” but the statement was released anyway. In the statement the Fed laid out how they are pulling back and unwinding the liquidity programs. If you’re interested in reading more, following is the link to the statement: Federal Reserve’s Exit Strategy Now for the question on when CD rates, savings account rates and mortgage rates will start heading higher. The Federal Reserve will probably start raising the Fed funds rate in third quarter of 2010. A higher Fed funds rate will drive deposit rates and mortgage rates higher. CD Rates, savings account rates and other deposit rates will probably go up about .50 percent, .75 percent if we’re lucky. Right now, the average 12 month CD rate is at 1.00 percent, so we could see average CD rates of around 1.50 percent to 1.75 percent for a 12 month CD. There are banks offering 12 month CD rates in that range right now, so some CD rates at banks might go as high as 2.50 percent for a 12 month certificate of deposit. The highest savings account rates will probably also go up to 2.50 percent. Mortgage rates will go higher sooner than the third quarter; in fact mortgage rates will start heading higher in a month or so. The reason being the Fed will complete its purchase of $1.25 trillion in mortgage-backed securities (MBS) in the first quarter of 2010.
The average mortgage discount points on 30 year mortgages increased to 1.09 points from the prior week’s average of 1.06 points. Mortgage points allow the borrower to “buy down” the mortgage rate by paying money upfront at closing. 15 year mortgage rates remain unchanged at 4.33 percent for the week ending February 12, 2010. Average mortgage discount points increased to 1.02 points from 0.95 points the previous week. The average contract mortgage rate for one year adjustable mortgage rates decreased slightly to 6.67 percent, down from last week’s average of 6.68 percent. Average mortgage points decreased to 0.32 points from 0.35 points. Looking for current mortgage rates? Find mortgage rates currently available by using our mortgage rate tables: Current Mortgage Rates. Mortgage applications decreased in the latest mortgage survey. The Refinance Index, which measures applications for refinancing, decreased 1.2 percent from the previous week. The seasonally adjusted Purchase Index, which measures applications for home purchases, decreased 4.0 percent from one week earlier. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Rate Report on Monday, which follows:
The best refinance rates and mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Refinance Rates - Mortgage Rates
30 year fixed rate mortgages were the most popular. 15 year fixed rate mortgages gained in popularity among refinancers who previously had a 30 year mortgage, adjustable mortgage or a balloon mortgage. Find Current Mortgage Rates Here: Current Mortgage Rates In the fourth quarter of 2009, 80% chose to refinance their mortgage with a 30 year fixed rate mortgage. 5% chose a fixed rate 20 year mortgage when refinancing and 14% chose a 15 year fixed rate mortgage when refinancing. A record number of refinancers also chose to pay down a portion of their principal when refinancing. This is a big change from the past several years when refinancers took equity out of there home. I wonder how many of those people had to pay their balance down in order to refinance their loan. Housing prices declined about 30% over the past couple of years so many people owed more than their home is worth. Many more owed more than the 80% of the loan-to-value ratio needed in order to refinance. With savings account rates and CD rates hovering around 1.50 percent, it makes sense to pay down your mortgage, especially if you can’t refinance to a lower mortgage rate unless you pay down part of the principal. Here is a recent Mortgage Rate Report Released by MonitorBankRates.com:
The average rate for account balances of $25,000 is .0492 and the average rate for balances of $50,000 is 0.513 percent. You can find rates well above the national average rate. Some banks offer rates 3 or 4 times that national average savings rate. Here is a list of current savings account and money market account rates in New York City:
Find the best savings account rates and money market account rates in your zip code: Savings Account Rates and Money Market Account Rates
The only certificate of deposit term that bucked the downtrend was 6 month CD rates. 6 month rates are at .805 percent, up from the prior week’s average CD rate of 0.538 percent. Looking for CD Rates? Use our rate tables to find the highest CD rates in your zip code. Highest CD Rates CD Rates
Search for the best CD rates in your zip code here: Search for the best CD rates.
The decrease in 30 year mortgage rates was the third consecutive week of declines after several weeks of increases. 30 year rates are expected to head higher by the end of March, the increase will probably be around 50 to 75 basis points. Short term adjustable mortgage rates were higher this week. The biggest jump in rates was in one year conforming ARMs with the average mortgage rate up 42 basis points to 4.67 percent. Looking for the latest mortgage rates and refinance rates? Use our mortgage rate tables to find current rates. Latest Mortgage Rates and Refinance Rates. Current Mortgage RatesThe average conforming 30 year mortgage rate is back under 5.00 percent at 4.95 percent this week, down from last week’s average home loan rate of 5.01 percent. 15 year conforming home loans are at 4.34 percent this week, down from the prior week’s average mortgage rate of 4.35 percent. Fixed Jumbo Mortgage RatesFixed 30-year jumbo home mortgage loans are averaging 5.64% this week, down slightly from the previous week’s average mortgage home loan rate of 5.65%. Mortgage refinance rates for jumbo loans are also around 5.645. Fixed 15 year jumbo interest mortgage rates are averaging 5.05% this week, down from last week’s average jumbo loan rate of 5.11%. 15 year mortgage refinance rates are around 5.00%. Conforming Adjustable Mortgage RatesConforming 1 year adjustable mortgage rates are averaging 4.67% this week, up from last week’s average 1 year home loan rate of 4.25%. You can also find refinance rates at 4.67%. Current 3 year adjustable mortgage interest rates are averaging 4.59%, up from last week’s average mortgage interest rate of 4.40%. Conforming 5 year adjustable interest mortgage rates are averaging 4.05% this week, down from the previous week’s average mortgage interest rates of 4.16%. The average 5 year mortgage refinance rate is around 4.00%. Conforming 7 year adjustable mortgage rates are averaging 4.47%, up from last week’s average loan rate of 4.40%. The average 7 year mortgage refinance rate is at 4.47%. Conforming 10 year bank mortgage rates are averaging 4.90%, up from the previous week’s average mortgage rate of 4.88%. Home loan refinance rates are also around 4.90 percent. The average 10 year mortgage refinance rate is at 4.90%. Adjustable Jumbo Mortgage Rates1 year jumbo adjustable mortgage rates are averaging 5.59% this week, down from the prior week’s average home mortgage loan rate.5.65%. The average 1 year home refinance rate is also at 5.59% this week. The average jumbo 3-year jumbo ARM is at 5.27% this week, up from last week’s average adjustable home loan rate of 5.05%. 3 year home refinance rates are averaging 5.27%. 5 year jumbo ARMs are averaging 4.69% this week, down from the prior week’s average home interest mortgage rate 0f 4.76%. The average 5 year refinance loan rate is at 4.69% this week. 7 year jumbo ARMs are averaging 5.61% this week, up from last week’s average loan mortgage rate of 5.50%. 7 year loan refinance rates are also averaging 5.61% this week. The average 10 year jumbo mortgage rate is at 5.92%, up from the prior week’s average 10 year mortgage rate of 5.83%. 10 year refinance loan rates are averaging 5.92%. Conforming Interest Only Mortgage Rates3 year interest only mortgage rates are averaging 4.74% this week, up from the prior week’s average interest rate of 4.60%. 3 year IO home loan refinance rates are averaging 4.74%. 5 year interest only loans are averaging 4.32% this week, up from last week’s average five year interest only mortgage rate of 4.27%. The average 5 year home mortgage refinance rate is at 4.32%. 7 year interest only home loans are averaging 4.67% this week, up from last week’s average interest rate of 4.62%. The average 7 year IO refinance home loan rate is at 4.67% this week. Jumbo Interest Only Mortgage Rates3 year jumbo interest only mortgages are averaging 5.57% this week, up from last week’s jumbo interest mortgage rate of 5.55%. The average 3 year jumbo refinance interest rate is at 5.57% this week. 5 year jumbo IO loan rates are averaging 5.28%, down from the prior week’s average IO mortgage rate of 5.32%. 5 year jumbo refinance interest rates are averaging 5.28%. The average jumbo 7 year IO loan mortgage rate is at 6.08%, up from last week’s average jumbo rate of 6.05%. Some of the best refinance rates can be found on IO loans. Home Equity Loans RatesThe average home equity loan rate was mixed this week over last. 10 year home equity loan rates are at 7.357% this week, unchanged from last week’s average equity home loan rate. 15 year home equity rates are down to 7.479%, down from the prior week’s average home equity rate of 7.512%. Home Equity Line of Credit (HELOC) RatesAverage home equity line of credit rates were unchanged this week over last. The average HELOC rate is at 4.669% this week, unchanged from last week’s average HELOC rate. The best refinance rates and mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Refinance Rates - Mortgage Rates FirstFedDirect, the online banking division of OneWest Bank, is offering an online savings account with a current savings account rate of 1.04 percent. The savings account has an annual percentage yield (APY) of 1.05 percent. The “Internet Advantage Savings Account” is available in all states except in California. There are no monthly savings account fees. There is no minimum balance to open the savings account. Account balances are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor per account. Interest on the savings account is compounded daily which gives the account a higher APY than accounts with interest compounded monthly or quarterly. AmTrust Direct is offering some of the best savings account rates and money market account rates currently available. The bank’s current savings account yield on their e-Savings Account is 1.00 percent for account balances between $1 and $99,999. The average savings account rate is less than half AmTrust’s rate. Savings account balances $100,000 and over receive an annual percentage yield of .50 percent. The minimum opening deposit for a savings account at AmTrust Direct is $500. The money market account rate on their e-Premium Money Market Account is 1.25 percent on account balances of $10,000 to $149,999. Money market account balances between $1 to $9,999 and $150,000 or more receive an APY of .50 percent. AmTrust Direct is the online arm of AmTrust Bank a division of New York Community Bank. Both accounts are variable rate accounts like all savings accounts and money market accounts. AmTrust Direct Savings Account and Money Market Account Information: AmTrust Direct Account Information AmTrust Direct is offering some of the best CD rates currently available. The current 12 month certificate of deposit rate is 1.686 percent with an annual percentage yield (APY) of 1.70 percent. The average 12 month certificate of deposit rate is currently 1.00 pecent making AmTrust’s CD rate on of highest CD rates around. The Bank’s shorter term certificates of deposit rates are also very competitive. The current 6 month CD rate is 1.39 percent with an APY of 1.40 percent and 9 month CD rates are currently at 1.53 percent with an APY of 1.55 percent. In fact, their 9 month CD rate is higher than the average 24 month CD rate of 1.48 percent. Here is a current list of bank CD rates and bank CD yields at Amtrust Direct. CD Rates6 Month CD 1.391% 1.40% Find the best CD rates in your area by using our CD rate tables: Best CD Rates.
Looking for the latest mortgage rates? Use our mortgage rate tables to find current mortgage rates in your state or zip code. Latest Mortgage Rates. The average conforming 15 year mortgage rate is at 4.34 percent according to Freddie Mac and the average contact 15 year mortgage rate is at 4.33 percent according to the MBA. Today’s 30 year mortgage interest rate is at 5.01 percent this week, down from last week’s average mortgage rate of 5.05 percent. 15 year conforming mortgage rates are at 4.35 percent this week, down from the prior week’s average interest rate of 4.40 percent. Today’s mortgage interest rates for 30 year jumbo home loan rates are averaging 5.65% this week, down from the previous week’s average jumbo mortgage rate of 5.74%. Fixed 15 year jumbo rates are averaging 5.11% this week, down from last week’s average jumbo rate of 5.21%. The average conforming 1 year adjustable mortgage rates is at 4.25% this week, up from last week’s average 1 year adjustable mortgage rate of 4.23%. Conforming 3 year adjustable mortgage interest rates are averaging 4.40%, down from last week’s average interest rate of 4.42%. the average 5 year adjustable mortgage rate is at 4.16% this week, up from the previous week’s average mortgage interest rate of 4.14%. Conforming 7 year ARMs are averaging 4.40%, down from last week’s average ARM rate of 4.59%. The average conforming 10 year mortgage rate is at 4.88%, down from the previous week’s average mortgage rate of 4.99%. 1 year jumbo adjustable mortgage rates are averaging 5.65% this week, up from the prior week’s average home mortgage loan rate.5.30%. The average jumbo 3-year jumbo ARM is at 5.05% this week, down from last week’s average adjustable home loan rate of 5.25%. 5 year jumbo ARMs are averaging 4.76% this week, down from the prior week’s average home interest mortgage rate 0f 4.91%. 7 year jumbo ARMs are averaging 5.50% this week, up from last week’s average loan mortgage rate of 5.44%. The average 10 year jumbo mortgage rate is at 5.83%, down from the prior week’s average 10 year mortgage rate of 5.92%. 3 year interest only mortgage rates are averaging 4.60% this week, up from the prior week’s average interest rate of 4.59%. 5 year interest only loans are averaging 4.27% this week, down from last week’s average five year interest only mortgage rate of 4.31%. 7 year interest only home loans are averaging 4.62% this week, down from last week’s average interest rate of 4.75%. Reward checking account rates are mostly in the 2.00 percent to 3.00 percent range but Royal Banks of Missouri is still offering a rewards checking account that currently has an annual percentage yield (APY) of 4.30%. The bank’s “Majestic Checking Account” requires a minimum opening balance of $100. There are no minimum balances to maintain and there are no monthly fees. As with all reward checking accounts there are monthly billing cycle requirements that have to be met each month to receive the reward checking rate. The requirements for the Majestic Checking Account include 15 debit card transactions per month, 1 direct deposit and/or ACH debit/credit transaction per month and you must receive your statements by email. Just like all reward checking accounts there is a maximum dollar amount you can earn the rewards checking rate each month. The max amount for the Majestic Checking Account is $24,999. Balances$25,000 and over receive a checking account rate of 1.40 percent, which still isn’t bad for a checking account. Royal Banks of Missouri Rewards Checking Account Info: Rewards Checking Account
The average conforming 15 year mortgage rate declined to 4.34 percent for the week ending February 11, 2010, down from the prior week’s average mortgage rate of 4.40 percent. Mortgage discount points averaged 0.6 points. Rate Curve is Inverted on ARMsShort term rates have headed higher even though the Fed’s ”Federal Reserve’s Exit Strategy” statement released yesterday they said they weren’t going to sell any of their security holdings anytime soon. The rate curve is now inverted when you compare the average 5 year ARM and the average 1 year ARM. 5 year U.S. Treasury indexed adjustable mortgage rates are at 4.19 percent this week, down from last week’s average home loan rate of 4.27 percent. Mortgage points averaged 0.6 points. The average 1 year U.S. Treasury indexed adjustable mortgage rate is at 4.33 percent, up from the previous week’s average interest rate of 4.22 percent. Looking for mortgage rates? Use our mortgage rate tables to find current mortgage rates in your state or zip code. Find Current Mortgage Rates. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Report on Monday, which follows:
Looking for current mortgage rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. MortgageInterest Rates
Looking for an auto loan? Search our rate tables for the best auto loans. Auto Loan Rates Right now, Pentagon Federal Credit Union is still offering the best auto loan rates. We did a search for auto loan rates in Texas and their current auto loan rate is 3.99 percent. That is the best rate in the state of Texas. PenFed’s auto loan rates are also 3.99 perent in all other states. Next on the list of auto loan rates for a 60 month new auto loan is Bank of America, their listed rate is 4.10 percent, not a bad rate for a large bank. Third on the auto loan list is USAA FSB, the current rate for their auto loan is 4.39 percent. Here is the list of the auto loan rates in the state of Texas using the auto loan rate tables on MonitorBankRates.com. This list of auto rates was based on a 5-year new auto loan in the amount of $30,000.
You can find the best auto loan rates by using searching on MonitorBankRates.com here: Auto Loans Mortgage Rates were mixed in the latest mortgage survey released this morning. 30 year mortgage rates are at 4.94 percent in the most recent Weekly Mortgage Applications Survey released by the Mortgage Bankers Association.
Looking for mortgage rates? Find today’s mortgage rates by using our mortgage rate tables: Today’s Mortgage Rates. Lower mortgage rates didn’t stop the mortgage survey from decreasing. The MBA’s Market Composite Index, which measures mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. Refinance mortgage applications also decreased in the latest survey, The Refinance Index, which measures mortgage applications for mortgage refinancing increased 1.4 percent from one week earlier. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Rate Report on Monday, which follows:
Looking for today’s mortgage interest rates? Current mortgage rates including jumbo mortgage rates can be found in your state or zip code by using our mortgage rate tables. Today’s Mortgage Interest Rates (http://savingsaccount.monitorbankrates.com) Costco and Capital One Bank have teamed up to offer an online savings account that currently has an annual percentage yield of 1.50 percent. Their online savings account is called “InterestPlus Savings Account”.
The minimum opening savings account balance is $5,000. You also have to maintain an average savings balance of at least $5,000 to earn the 1.50 APY. Account balances under $5,000 do not earn any interest. To receive the 10% interest bonus your InterestPlus 0nline savings account must be open and you must maintain an average monthly balance of at least $15,000 in this account every month during the preceding quarter. The bonus is paid into your online savings account within 4-8 weeks after the end of each quarter. To receive the $60 Costco member bonus, you must be a Costco Executive Member at the time you open your account. To receive the $20 Costco member incentive, you must be a Costco Gold Star or Business Member at the time you open your account. The other restriction on the member bonus is the account must be your first Capital One Direct Banking account of any kind through the Costco program and you must fund your account with at least $5,000 within 30 days of account opening. Costco/Capital One Bank Online Savings Account Info: InternetPlus Savings Account.
Just the opposite happened with 6 month certificate of deposit rates. The average 6 month CD rate is down to 0.538 percent this week, down from the previous week’s average CD rate of 0.739 percent. 6 month CD rates were the only CD term where rates fell this week over last, all other certificate of deposit terms headed higher. Let’s hope the trend continues. Looking for CD Rates? Use our rate tables to find the highest CD rates in your zip code. Highest CD Rates CD Rates
Search for the best CD rates in your zip code here: Search for the best CD rates. (mortgagerates.monitorbankrates.com) Mortgage rates were down again this past week. Fixed conforming mortgage rates and fixed jumbo mortgage rates were down. Conforming 30 year mortgage rates are closing in on 5.00 and jumbo 15 year mortgage rates are also headed towards 5.00 percent.
Mortgage rates have been heading down for several weeks now, after several weeks of increases. The markets are worried the economy won’t grow fast enough to drive the unemployment rate down that quickly, unlike previous recoveries. A higher unemployment rate will keep inflation pressures in check which will keep interest rates down. Looking for current mortgage rates? Use our mortgage rate tables to find current mortgage rates in your state or zip code. Find Today’s Mortgage Interest Rates. Today’s Mortgage Interest RatesThe average conforming 30 year mortgage interest rate is at 5.01 percent this week, down from last week’s average home loan rate of 5.05 percent. 15 year conforming mortgage interest rates are at 4.35 percent this week, down from the prior week’s average interest rate of 4.40 percent. Fixed Jumbo Mortgage RatesFixed 30-year jumbo home loan rates are averaging 5.65% this week, down from the previous week’s average jumbo mortgage rate of 5.74%. Fixed 15 year jumbo home loans are averaging 5.11% this week, down from last week’s average jumbo loan rate of 5.21%. Conforming Adjustable Mortgage RatesConforming 1 year adjustable mortgage rates are averaging 4.25% this week, up from last week’s average 1 year home loan rate of 4.23%. Conforming 3 year adjustable mortgage interest rates are averaging 4.40%, down from last week’s average home loan rate of 4.42%. Conforming 5 year adjustable mortgage rates are averaging 4.16% this week, up from the previous week’s average interest rate of 4.14%. Conforming 7 year adjustable mortgage rates are averaging 4.40%, down from last week’s average loan rate of 4.59%. Conforming 10 year mortgage rates are averaging 4.88%, down from the previous week’s average mortgage rate of 4.99%. Adjustable Jumbo Mortgage Rates1 year jumbo adjustable mortgage rates are averaging 5.65% this week, up from the prior week’s average home mortgage loan rate.5.30%. The average jumbo 3-year jumbo ARM is at 5.05% this week, down from last week’s average adjustable home loan rate of 5.25%. 5 year jumbo ARMs are averaging 4.76% this week, down from the prior week’s average home interest mortgage rate 0f 4.91%. 7 year jumbo ARMs are averaging 5.50% this week, up from last week’s average loan mortgage rate of 5.44%. The average 10 year jumbo mortgage rate is at 5.83%, down from the prior week’s average 10 year mortgage rate of 5.92%. Conforming Interest Only Mortgage Rates3 year interest only mortgage rates are averaging 4.60% this week, up from the prior week’s average interest rate of 4.59%. 5 year interest only loans are averaging 4.27% this week, down from last week’s average five year interest only mortgage rate of 4.31%. 7 year interest only home loans are averaging 4.62% this week, down from last week’s average interest rate of 4.75%. Jumbo Interest Only Mortgage Rates3 year jumbo interest only mortgages are averaging 5.55% this week, down from last week’s jumbo interest mortgage rate of 5.58%. 5 year jumbo IO loan rates are averaging 5.32%, up from the prior week’s average IO mortgage rate of 4.91%. The average jumbo 7 year IO loan mortgage rate is at 6.05%, up from last week’s average jumbo rate of 5.85%. Home Equity Loans RatesThe average home equity loan rate was down this week over last. 10 year home equity loan rates decreased to 7.357% this week, down from last week’s average equity home loan rate of 7.416%. 15 year home equity rates are down to 7.5172%, down from the prior week’s average home equity rate of 7.517%. Home Equity Line of Credit (HELOC) RatesAverage home equity line of credit rates were down this week over last. The average HELOC rate is at 4.669% this week, down from last week’s average HELOC rate of 4.905%. Looking for mortgage interest rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Mortgage Interest Rates
The new rules and laws were enacted to prohibit certain credit card acts and practices that were deemed unfair. The new credit card laws were also enacted to improve how credit card information and credit card rates were disclosed to consumers. Credit card rates have been going higher because starting February 22, 2010, your credit card company cannot increase the credit card rate for the first 12 months of opening your account. Even if your credit card rate does increase after the first 12 months, it will only increase for new purchases. The rate cannot be increased on existing balances. There are exceptions to these rules like if you are more than 60 days late on a payment. In addition to credit card companies charging higher credit card interest rates, they have also been raising credit card balance transfer fees. Most credit card companies used to charge around three percent for a balance transfer. Now the average balance transfer fee is around four percent and some banks even charge as high as five percent for a credit card balance transfer. Most credit card issuers don’t have a maximum fee cap for balance transfers. Factor in the fee and the zero percent credit card rate isn’t really zero percent. The new credit card laws and credit card rules will help consumers, but will also hurt some consumers, especially those who payoff their credit card balances every month and those who prefer rewards credit cards. Credit card issuers have started charging monthly credit card fees if you don’t use your credit card for a certain period of time. Getting a fixed rate credit card is a lot harder these days. Most banks have been pushing variable rate credit cards since variable rate credit cards will make more money for banks. You can start your search for the best credit card rates right here at MonitorBankRates.com: Best Credit Card Rates.
The average conforming 30 year mortgage rate increased to 5.01 percent with an average mortgage discount point of 0.7 points for the week ending February 4, 2010, up from the prior week’s average mortgage rate of 4.98 percent. Looking for today’s home loan rates? Use our mortgage rate tables to find home loan rates in your state or zip code. Today’s Home Loan Rates. Conforming 15 year mortgage rates increased to 4.40 percent with an average 0.7 mortgage points, up from the previous week’s average mortgage rate of 4.39 percent. 5 year adjustable mortgage rates increased to 4.27 percent with an average 0.6 mortgage discount points, up from last week’s average home loan mortgage rate of 4.25 percent. 1 year adjustable rate mortgages decreased to 4.22 percent with an average discount point of 0.5 points, down from the prior week’s average mortgage interest rate of 4.29 percent. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Report on Monday, which follows:
Looking for current home loan rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Current Home Loan Rates
Looking for the highest CD rates? Search our CD rate tables for CD rates. Highest CD Rates. Tennessee Commerce Bank and Discover Bank are also paying some of the best CD rates for a 12 month certificate of deposit rate. Both banks currently have a 12 month certificate of deposit yield of 1.70 percent. Here is a list the best 12 month certificate of deposit rates in Tampa, Florida (FL): CD Rates above the National Average RateUFB Direct 1.81% APY Min $8000 CD Rates below the National Average RateE-LOAN.com 1.00% APY Min $10,000 Looking for the bank CD rates? Find the highest CD rates here: Highest CD Rates.
Right now home loan borrowers are first put into a trial home loan modification plan and asked to produce more financial documentation. Starting June 1, 2010, banks and mortgage companies participating the the program will be required to collect all the borrower’s documents that are needed in the initial loan modification application. Many borrowers who initially meet the requirements for a loan modification are complaining about having to submit the required documents several times because banks and mortgage companies are losing the documents. Another change to the program is home loan borrowers looking to have their mortgage modified will only have to submit the last two pay stubs and a form allowing access to their tax returns. Right now, borrowers have to submit a W-2 form.
The checking account offer is only available to the following states: ME, VT, NH, CT, RI, MA, NY, NJ, PA, MV, MD, DE, and District of Columbia. To qualify for the $150 cash checking bonus you need to open a new checking account by March 13, 2010 and meet the following requirements:
When you meet all the qualifications, you will receive a credit of $150 to your new checking account within 75 days after you open your checking account. There is a limit of one $150 credit per customer and checking accounts must be open to receive bonus. Current personal checking customers or anyone who has had a personal checking account with Sovereign Bank or any of its divisions in the last 6 months are not eligible for the checking bonus offer. Current savings customers are eligible for the bonus offer. Sovereign Bank $150 Checking Account Offer Here: Checking Offer
Looking for mortgage rates? Find current mortgage rates by using our mortgage rate tables: Find Current Mortgage Rates. The average contract mortgage rate for 30 year mortgages decreased to 5.01 percent for the week ending January, 29, 2010, with mortgage discount points increasing to 1.04 points from 1.00 point. The average 15 year contract mortgage rate is down to 4.33 percent this week, with an average 1.17 mortgage points, up from the prior week’s average mortgage rate of 4.34 percent. The average contract interest rate for 1 year adjustable mortgages decreased to 6.70 percent with an average mortgage points at .034 points, down from the previous week’s average home loan rate of 6.84 percent. Lower mortgage rates drove mortgage applications higher for the week ending January 29 2010. The Refinance Index, which measures mortgage refinancing, increased 26.3 percent on a seasonally adjusted basis. The Purchase Index, which measures mortgage application loan volume for home purchases, increased 10.3 percent on a seasonally adjusted basis. For a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Report on Monday, which follows:
Savings account rates and money market rates have been very low for the past 18 months, current rates are averaging 0.351 percent for a savings account/money market account with a balance of $2,500.
Looking for Savings Account Rates and Money Market Account Rates? Find the best rates in your area by searching our savings account rate tables. Saving Account Rates/Money Market Rates. The current average savings/money market account rate for deposits of $10,000 is 0.43 percent. Savings account and money market rates for deposits of $25,000 are at .0494 percent. For account balances of $25,000 the interest rate is .0549 percent. Although the average savings account rate and money market account rate is less than one percent you can find rates and yields that are higher than one percent. Right now Bank of Internet and Discover Bank both have one of the best savings account rates available, the current savings account rate is 1.59 percent with an APY of 1.60 percent. Here is a list of the best savings account rates in New York City.
Find the Best Savings Account Rates in your area by searching our savings account rate tables. Best Saving Account Rates. CD rates declined again this past week, continuing the down trend of the past year and a half. 12 month CD rates are just above 1.00 percent and probably will break 1.00 percent in a week or two. The FOMC met last week and decided to keep the Fed funds rate in the targeted range of zero percent to one quarter percent for the foreseeable future. Looking for the best CD Rates? Find the best CD rates here. Search for the best CD rates. CD Rates
Search for the highest CD rates in your zip code here: Search for the highest CD rates here. (http://mortgagerates.monitorbankrates.com) Mortgage rates were mixed this past week, 30 year mortgage rates were slight higher and 15 year mortgage rates were unchanged. Fixed jumbo fixed mortgages were down and adjustable mortgage rates were mixed.
The Fed also said inflation isn’t a concern right now and probably won’t be for a while because there is ”substantial resource slack” that is keeping cost pressures down and keeping inflation down for some time. Even though inflation isn’t a concern, mortgage rates will start heading higher soon because the Fed is completing its $1.25 trillion program of purchasing mortgage-backed securities to support mortgage lending. The program will wind down at the end of the 1st quarter 2010. Looking for mortgage rates? Use our mortgage rate tables to find current mortgage rates in your state or zip code. Find Current Mortgage Rates. Mortgage RatesThe average conforming 30 year mortgage rate is at 5.05 percent this week, up slightly from the prior week’s average home loan interest rate of 5.04 percent. Conforming 15 year mortgage rates are at 4.40 percent this week, unchanged fom last week’s average home loan interest rate. Jumbo Mortgage Rates30-year jumbo mortgage rates are averaging 5.74% this week, down from the prior week’s average home loan rate of 5.86%. 15 year jumbo mortgage loans are averaging 5.21% this week, down from the prior week’s average mortgage loan rate of 5.24%. Adjustable Mortgage RatesConforming 1 year adjustable mortgage home loan rates are averaging 4.23% this week, down from the prior week when one year home loans were averaging 4.32%. Conforming 3 year adjustable mortgage rates are averaging 4.42%, down from last week’s average home loan rate of 4.52%. Conforming 5 year adjustable mortgage loan rates are averaging 4.14% this week, down from the previous week’s average mortgage rate of 4.20%. Conforming 7 year adjustable home loan rates are averaging 4.59%, down from last week’s average home loan rate of 4.61%. Conforming 10-year mortgage rates are at 4.99%, a decrease from the previous week’s average mortgage rate of 5.11%. Jumbo Adjustable Mortgage RatesJumbo 1 year jumbo adjustable mortgage rates are averaging 5.30% this week, down slightly from the prior week’s average home mortgage loan rate.5.31%. Jumbo 3-year jumbo ARMs are averaging 5.25% this week, down from last week’s average adjustable interest home loan rate of 5.32%. The average 5 year jumbo ARM is at 4.91% this week, down from the prior week’s average home interest mortgage rate 0f 4.99%. 7 year jumbo ARMs are averaging 5.44% this week, up from last week’s average loan mortgage rate of 5.37%. The average 10 year jumbo is at 5.92%, down from the prior week’s average 10 year mortgage loan rate of 5.88%. Conforming Interest Only Mortgage Rates3 year interest only mortgage rates are averaging 4.59% this week, down from last week’s average interest rate of 4.65%. 5 year interest only loans are averaging 4.31% this week, unchanged from last week’s average five year interest only mortgage rate. 7 year IO home loan rates are averaging 4.75% this week, down from last week’s average interest rate of 4.81%. Jumbo Interest Only Mortgage Rates3 year jumbo interest only mortgages are averaging 5.58% this week, up from last week’s jumbo interest mortgage rate of 5.52%. 5 year jumbo IO loan rates are averaging 4.91%, down from the prior week’s average IO mortgage rate of 5.39%. The average jumbo 7 year IO loan mortgage rate is at 5.85%, up from last week’s average jumbo rate of 5.76%. Home Equity Loans RatesThe average home equity loan rate was up considerably this week over last. 10 year home equity loan rates decreased to 7.416% this week, down from last week’s average equity home loan rate of 7.418%. 15 year home equity rates were unchanged this week at 7.517%. Home Equity Line of Credit (HELOC) RatesAverage home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.905% this week, down slightly from last week’s average HELOC rate of 4.906%. Looking for current mortgage rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates |
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Current mortgage rates are higher in the latest survey released yesterday by Freddie Mac. 30 year mortgage rates are back above 5.00 percent, the first time in three weeks that 30 year rates are higher than 5.00 percent.
The national average 12 month CD rate is averaging only .99 percent this morning. On our CD rate table, Broadway National Bank tops our list of 12 month CD rates. The bank is currently offering a CD rate of 1.98 percent and an APY of 2.00 percent. That CD rate and CD yield is one of the highest around if not the highest.
MonitorBankRates.com has just released a free Money Market/Savings Account Widget that lists national average money market account rates and savings account rates. Rates are updated daily.
Mortgage rates were higher in the current mortgage application survey released this morning. The average contract rate on 30 year mortgages is back above 5.00 percent at 5.03 percent for the week ending February 19, 2010, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. The average mortgage discount points on 30 year mortgages increased to 1.34 points from the prior week’s average of 1.00 point.
The average savings account rate and money market account rate is less than .50 percent but you can find rates higher than the national average interest rate.
Refinance rates increased this week, after several weeks of declines. Fixed conforming 30 year refinance mortgage rates are averaging 5.09%, up from the prior week’s average refinance rate of 4.95%. This is the first time in several weeks 30 year refinance rates are back above 5.00%.
Bank CD interest rates were down again this week over last week, continuing the downtrend of the past 18 months. 3 month certificate of deposit rates were the only rates that increased this week.
Fixed mortgage rates increased this week over last week. Fixed conforming 30 year mortgage rates are back above 5.00 percent for the first time in several weeks. 30 year mortgage rates are averaging 5.07 percent, up from last week’s average mortgage rate of 4.95 percent.
This past Thursday the Federal Reserve Board raised the discount rate one quarter percent to 0.75 percent. The discount rate is the rate banks pay for emergency loans. A higher discount rate doesn’t mean we will see 
Thinking of taking advantage of a balance transfer credit card offer you received in the mail? You might want to wait until after February 22, 2010 to do a balance transfer. After February 22, credit card companies have to apply any extra principal paid to the credit card balance with the highest 
AIG Bank, the banking arm of the giant insurance company AIG, is offering some of the best money market account rates that beat most of the money market rates and savings rates that are currently available.
Mortgage rates are down again in the latest mortgage survey. Conforming 30 year mortgage rates are down to 4.93 percent for the week ending February 18, 2010. Mortgage discount points average 0.7 points.
CD rates, savings rates and mortgage rates are headed higher this year; the question is when rates will start heading higher and by how much.
Mortgage rates were unchanged in the current mortgage application survey released this morning. The average contract rate on 30 year mortgages remain unchanged at 4.94 percent for the week ending February 12, 2010 according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 
Fixed rate mortgages are the most popular mortgage product for homeowners refinancing. Regardless of whether their original mortgage was an adjustable mortgage or fixed rate mortgage, the majority of people chose to refinance with a fixed rate mortgage according to Freddie Mac’s Product Transition Report.
Online savings account rates are low these days. Right now, the average savings account rate / money market account rate for account balances of $2,500 is only 0.365%. The average savings account / money market rate for account balances of $10,000 is 0.43 percent this week.
CD rates were down again this week over last week, reversing the one week trend we had of rates increasing.
Fixed mortgage rates were down again this week over last week. Fixed conforming mortgage rates and fixed jumbo mortgage rates also decreased.
Mortgage rates continue to drift down this week, continuing the trend of the past couple of weeks. Freddie Mac has conforming 30 year mortgage rates at 4.97 percent for the week ending February 11, 2010. The Mortgage Bankers Association has the average contract 30 year mortgage rate at 4.94 percent.
Fixed mortgage rates headed down again in the latest survey. Conforming 30 year mortgage rates are back under 5.00 percent. This week’s Primary Mortgage Market Survey has 30 year rates at 4.97 percent, down from the previous week’s average mortgage rate of 5.01 percent. Mortgage points averaged 0.7 points.
Auto Loan: Current auto loan rates have come down since the financial crisis that started in 2007. Getting an auto loan is also a lost easier than it was during the financial crisis when no one could get a loan for any reason let alone to buy a car.
The average contract mortgage rate for 15 year mortgages is at 4.33 percent, unchanged from the prior week’s average mortgage rate. The average contract mortgage rate for 1 year adjustable mortgages is down to 6.68 percent, a decrease from the prior week’s average adjustable mortgage rate of 6.70 percent.
In addition to having one of the 
In this week’s Certificate of Deposit Rate Report, 3 month CD rates jumped higher, the average 3 month CD rate is now 0.645 percent, up from the prior week’s average 
Credit card rates have been heading higher since the Credit Card Holders Bill of Rights was passed last year and the 
Mortgage rates were up slightly in the latest weekly mortgage survey. 30 year mortgage rates are back above 5.00 percent at 5.01 percent. Fixed conforming mortgage rates were higher and adjustable conforming mortgage rates were mixed.
12 month bank CD rates are 1.008 percent today, but you can find 12 month CD rates better than the national average CD rate. Right now, UFB Direct is paying the highest CD yield for a 12 month certificate of deposit, their current APY is 1.81 percent.
The Making Home Affordable Program is becoming a little less cumbersome starting June 1, 2010. The U.S. Treasury Department announced it was streamlining the program to increase the number of successful home loan modifications.
Sovereign Bank, a subsidiary of Banco Santander, is currently offering a $150 
Mortgage Rates were down slightly in the latest Weekly Mortgage Applications Survey released this morning by the Mortgage Bankers Association. 30 year mortgage rates, 15 year mortgage rates and 1 year adjustable mortgage rates were all down in the latest mortgage survey.
Savings rates and 
