The mortgage rates are on the rise, but the increases are slight.
Posted on December 09, 2010 by
CA Hagy
Articles by tag - rates
While banking giants such as Bank of America are announcing further interest rate cuts on long-term CDs, itâs not too late to lock in that higher rate now. CD laddering will help give you liquidity while protecting you from having all your funds stuck in a 5-year CD with a low interest rate.
Posted on August 01, 2010 by
Riki Meier
Savings rates showed little movement last week while CD rates continued to fall. Longer-term CDs led the decline.
Posted on June 07, 2010 by
Sol Nasisi
Smaller banks and credit unions by in large are lending and making loans at a much faster rate than thier national rivals. Here are some tips and facts about how to go about getting that loan.
Posted on March 30, 2010 by
Sean Riskowitz
Most savings and CD rates hit record lows last week, except for the 5-year CD, which continued to show gains in yield. Average savings rates reached a new record low of 1.46% APY, down 1 basis point from 1.47% APY the previous week. Average one-year cd rates fell 3 basis points to 1.82% APY. Average three-year cd rates dropped two basis points to 2.61% APY.
Posted on February 08, 2010 by
Sol Nasisi
Interest rates are very likely to enter an uptrend as we move through 2010. Increased government spending which has sharply increased in the last 18 months as the rescission started and the financial crisis impacted the US economy and set shock waves through the global economy. Non-Defense Spending has surged to 19% of GDP in 2009. For the previous 30 years non-defense spending was between 10% & 15%. Defense spending had been in a long-term downtrend from the mid 1980âs until 2001, after the 9/11 attack when spending on defense turned up again and is back up to about 5% of GDP. All this government spending needs to be financed which will put pressure on Treasury rates to go up.
Posted on February 03, 2010 by
Brian Chance
For those optimists talking up a housing recovery might want to stop and look deeper into the housing crisis. Amherst Securities Group analysts believe the market faces about 7 million properties that are likely to be seized by lenders have yet to hit the open market.
Posted on January 28, 2010 by
Brian Chance
Upside-down mortgages are becoming more and more common due these days due to the recent problems in the mortgage industry. It may be more difficult to refinance an upside-down mortgage, but it is not impossible.
Posted on January 13, 2010 by
CA Hagy
Several Fed officials made speeches yesterday reiterating their support for keeping rates at 0% for the foreseeable future. They cite unemployment, unused capacity, and low inflation. I did a quick search and found that this is precisely the language used to justify past low rate policies - the same policies that contributed to asset bubbles.
There is no doubt that the rising stock market has no basis in fundamentals, and like the housing market in 2005 is being fueled by monetary and fiscal policies.
Posted on November 11, 2009 by
Sam Cass
iGOBanking has just launched a new money market savings account. I checked their website and it has the same rate as their traditional savings account.
Posted on June 24, 2009 by
BankMan
In this period of increasing APRs and fees, two more major issuers, Discover and Bank of America, have just notified some of their cardholders that they will receive rate increases in June. In addition, Bank of America is raising the fee for balance transfers to 4% from 3%.
Posted on April 17, 2009 by
greg
The big news this week was the drop today in DollarSavingsDirect's savings rate from 4% APY to 3.5% APY. DollarSavings represented the last 4% APY savings rate and its drop, along with several other banks brought the average rate on savings accounts from the BestCashCow rate table down below 3% APY.
Posted on January 24, 2009 by
Sol Nasisi
Earn $100 cash bonus on new personal checking accounts! Earn up to $450 on new business accounts!! Rfeimer@sovereignbank.com for details.
Posted on January 23, 2009 by
personalbanker
Banks have taken advantage of customers for years with excessively high transaction fees and low deposit rates. By opening accounts at the various banks that offer high introductory-offer yields on money market and savings accounts banking customers can take advantage of the banks.
Posted on March 14, 2008 by
bankinvestor
Did you know that IRAs can hold CDs (Certificates of Deposit)? If you are nearing retirement and are tired of fretting over your nest egg, your best and safest return may be with a federally insured bank (FDIC) or credit union (NCUA) CD.
Posted on February 08, 2008 by
chriscd
