Average 30-year mortgage rates dropped for the sixth week in a row to 5.02% according to BestCashCow/Informa data. That's down from the high of 5.20% in early April.
Posted on May 11,2010 by Sol Nasisi
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After remaining steady for the past three weeks, average savings rates and cd rates dropped over the past week. Perhaps more significantly, the top savings rate tumbled.
Posted on May 11,2010 by Sol Nasisi
After surging to 5.20% four weeks ago, the 30-year average mortgage rate has drifted down. Today's average rate is 5.06% versus 5.11% last week according to BestCashCow/Informa data. The end of the Fed's MBS buying program has been met by a shrug of indifference by the market. Part of the drop is also due to the decline in Treasury bond yields, which hit a six week low today.
Posted on May 04,2010 by Sol Nasisi
Savings and CD rates barely moved at all in the last week as the environment can best be described as flat. This marks the third week in a row that rates have barely budged. I haven't seen such a quiet period in the last two years.
Posted on May 03,2010 by Sol Nasisi
After breaking through 5% and surging to 5.20% three weeks ago, the 30-year average mortgage rate has settled in and declined slightly. 5/1 ARMs rates continue their decline.
Posted on April 27,2010 by Sol Nasisi
Savings and CD rates were flat last week with both average rates and top rates hardly moving at all.
Posted on April 26,2010 by Sol Nasisi
Savings and CD rates continued to drop last week, although the decline in average savings rates slowed to a crawl. Some of the top CD rates dropped though, effectively lowering the best rates available.
Posted on April 19,2010 by Sol Nasisi
With everyone predicting that interest rates and bond yields would begin to rise, I started to wonder what correlation, if any, exists between the two. Is the "inevitable" rise in interest rates going to doom the stock market? Here's what I found.
Posted on April 16,2010 by Sol Nasisi
After breaking through 5% and surging to 5.20% last week the 30-year average mortgage rate declined slightly to 5.19% according to BestCashCow/Informa data.
Posted on April 13,2010 by Sol Nasisi
Unlike two weeks ago where we saw a steep drop in CD and savings rates, rates were mostly flat over the past week.
Savings Rates
Average savings rates held their ground last week, remaining at 1.37% APY. The top rates also remained the same with Southern Community Bank's Ready Saver 2% APY Savings Account leading the pack of non-promo rates. For promotional rates, Everbank remains on top with their 3-month introductory bonus rate of 2.25% APY. After the three-month period, the rate drops down to 1.26% APY for a blended one year APY of 1.51% APY
Posted on April 12,2010 by Sol Nasisi
After months of remaining near 5%, mortgage rates have shot up over the past two weeks and are now at 5.20% according to BestCashCow/Informa data.
Posted on April 06,2010 by Sol Nasisi
Another week, another drop in CD rates. As the Fed wishes, so it gets. All terms of CD rates were down and some of the top rates fell from their perch this week as the trend was down, down, down. As we've seen lately, longer-term (5-year) CDs fell less than their shorter-term cousins and as a result the spread between 5-year and 1-year CDs hit a new record high.
Posted on April 05,2010 by Sol Nasisi
Average 30-year fixed mortgage rates rose above 5% last week, moving up 9 basis points from 4.99% to 5.08% according to the Freddie Mac Primary Mortgage Survey. That's the highest rate since December 31, 2009 when rates stood at 5.14%.
Posted on April 02,2010 by Sol Nasisi
The mainstream press is finally starting to discuss something I've been exploring for the past couple of months - what if interest rates aren't going up as almost everyone expects?
Posted on March 31,2010 by Sol Nasisi
After last week's big drop, CD rates were flat this week. The spread between 5-year and 1-year CDs hit a new record high.
Posted on March 29,2010 by Sol Nasisi
