Showing posts with label interest rate. Show all posts
Showing posts with label interest rate. Show all posts
Wednesday, June 30, 2010
Tuesday, June 15, 2010
30-Year Conventional Mortgage Rate (Graph)
Notes: Contract interest rates on commitments for fixed-rate first mortgages. Source: Primary Mortgage Market Survey data provided by Freddie Mac.
Wednesday, July 22, 2009
Mortgage Interest Rates and Applications Increase
- The average contract interest rate for 30-year fixed-rate mortgages increased to 5.31 percent from 5.05 percent, with points increasing to 1.18 from 1.12 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans.
- The Market Composite Index, a measure of mortgage loan application volume, was 528.9, an increase of 2.8 percent on a seasonally adjusted basis from 514.4 one week earlier.
- The Refinance Index increased 4.0 percent to 2089.7 from 2009.4 the previous week.
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Wireless Reading Device 
Saturday, July 18, 2009
30 Year Mortgage Interest Rate (Conventional, Graph)
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Latest from the St Louis Fed and Federal Reserve
Wireless Reading Device
Tuesday, April 28, 2009
How Banks Gough Consumers and Make Money (Chart)
You have probably been reading about how banks are raising credit card interest rates -- even on their best customers.
On the other hand, if you want to buy a certificate of deposit (CD) you might be shocked to learn that banks are lowering interest rates on six month certificates of deposit.
Nationally 6 month CD rates have fallen to 1.48 percent, down from 1.69 percent -- 3 weeks ago. A year ago six months CDs were running at 3.03 percent.
Bank interest rate margin spreads are widening all over the place. This is how banks make boat loads of money. They leverage up the interest rate curve to take advantage of the artificially low interest rates being create by the FED (a standard procedure by the FED in a recession). And, they gough (?) consumers coming and going.
On the other hand, if you want to buy a certificate of deposit (CD) you might be shocked to learn that banks are lowering interest rates on six month certificates of deposit.
Nationally 6 month CD rates have fallen to 1.48 percent, down from 1.69 percent -- 3 weeks ago. A year ago six months CDs were running at 3.03 percent.
Bank interest rate margin spreads are widening all over the place. This is how banks make boat loads of money. They leverage up the interest rate curve to take advantage of the artificially low interest rates being create by the FED (a standard procedure by the FED in a recession). And, they gough (?) consumers coming and going.
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 Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
Sunday, April 12, 2009
Are Ten Year Treasury rates ready to move higher? (Graph)
10 Year Treasury, Interest Rate View, Chart
It appears that the 10 Year Treasury has bottomed and interest rates are poised to move higher. There seems to be resistance at 3.00 percent and 3.125 percent. Once these areas are exceeded, we should be looking for higher interest rates. An increase in the ten year treasury rate is likely to force mortgage rates higher.
This interest rate series should be watched closely in the weeks ahead
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It appears that the 10 Year Treasury has bottomed and interest rates are poised to move higher. There seems to be resistance at 3.00 percent and 3.125 percent. Once these areas are exceeded, we should be looking for higher interest rates. An increase in the ten year treasury rate is likely to force mortgage rates higher.
This interest rate series should be watched closely in the weeks ahead
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| Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
More from All American Investor
- 30 Year Conventional Mortgage Rate (Chart)
- Top Hedge Fund Managers Make Billions in 2008
- Systemic Risk Defined--Too Big to Fail
- Ray Dalio on the current state of affairs in the market
- Roubini Predicts U.S. Losses May Reach $3.6 Trillion
- Option ARM--The Toxic Mortgage
- Warren Buffett's Annual Letter to Investors (Cliff Notes Version)
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Thursday, April 09, 2009
30 Year Mortgage Interest Rate Chart (Update)
30 Year Conventional Mortgage Interest Rate
Current Interest Rate 4.78 Percent
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Current Interest Rate 4.78 Percent
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| Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
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Saturday, April 04, 2009
30 Year Conventional Mortgage Rate (Chart)
Average Contract Rate on Commitments for Fixed-Rate First Mortgages (last reading 4.85 percent).
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| Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments. |
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Wednesday, March 11, 2009
Don't Get Swindled by a Foreclosure Rescue Company
You can always count on the swindlers and scam artists to come out of the woodwork when desperate consumers get in trouble and need help. In this case it is poor unsuspecting consumers that are looking for ways to keep their homes and avoid foreclosure.
The new scam is being run by so called "foreclosure rescue companies". Many of these outfits charge consumers upfront fees and then walk away with the money. In Florida, you will see ads on television all day long offering to save you from the impending disaster of losing your home. More often than not, these "scam artists" have words like "federal" or "government" in their company name. The company names are intentionally misleading and often lead consumers to believe they are somehow connected to the so called federal government "housing bailout". In other words, official government agencies.
The new scam is being run by so called "foreclosure rescue companies". Many of these outfits charge consumers upfront fees and then walk away with the money. In Florida, you will see ads on television all day long offering to save you from the impending disaster of losing your home. More often than not, these "scam artists" have words like "federal" or "government" in their company name. The company names are intentionally misleading and often lead consumers to believe they are somehow connected to the so called federal government "housing bailout". In other words, official government agencies.
At a seminar for troubled borrowers near her home, one company offered a service that promised just what Ms. Martinez needed: for $1,000, the company said it would negotiate with her mortgage company to lower her interest rate.If you are in dire straights I would suggest two paths to getting help. First, talk to the company that services your mortgage loan. Many of these companies have set up relief programs to help stressed out consumers. Second, here are two websites you can go to find local housing counselors: Guide to Avoiding Foreclosure or Housing Crisis Resource Center.
“I was desperate,” said Ms. Martinez, 57, a clerk at the San Joaquin County Jail. She made an initial payment of $500 and paid another $500 a few weeks later.
Now the house is in foreclosure, and Ms. Martinez is waiting for the sheriff to evict her. She cannot reach the man she paid to modify her loan.
Swindlers Find Growing Market in Foreclosures
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