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Best Banks to Use in Economic Recovery

Posted by: RateAPY Bank Rates News
October 29th, 2009

The GDP grew 3.5% in the third quarter of 2009, much higher than expected. This is the first time the GDP has been in positive territory in over a year. The main reason given by some economic experts for growth included government stimulus programs such as the Cash For Clunkers program, which temporarily stimulated auto ... Read more »

Century Point Mortgage Offering 5.048% APR 30-Year Fixed-Rate Loan

Posted by: RateAPY Bank Rates News
October 29th, 2009

Whether they are looking to purchase a home or refinance their current mortgage, consumers should carefully compare mortgage quotes from a variety of lenders. Comparing the interest rate, discount points, and the terms of the loan can make a big long-term difference in the cost of the loan.
Loan Fees
One ... Read more »

Housing Prices Creep Up

Posted by: RateAPY Bank Rates News
October 27th, 2009

Housing prices increased in August for the third straight month, according to the latest Standard & Poor’s Case-Shiller home price index, which tracks housing markets in 20 major cities.
Seasonally adjusted median home prices were up 1% in August over the previous month, following a 1.2% increase in July over June.
“I think we have reached some ... Read more »

Zions Bank Money Market Account offers 1.35% APY

Posted by: RateAPY Bank Rates News
October 27th, 2009

With the national average interest rate for a money market account hovering around 0.09% APY, consumers are actively comparing interest rates on money market accounts to see if they can earn more interest on their money.
What to Consider: More Than Just Rates
When comparing banks to open a money market ... Read more »

ING Direct Orange Savings Account Offered at 1.30% APY

Posted by: RateAPY Bank Rates News
October 26th, 2009

Savings accounts may be the old-fashioned way for families to protect their income and earn interest, but there’s nothing old-fashioned about ING Direct’s Orange Savings Account, which comes with a 1.30% APY.
Investors interested in keeping their money safe while earning interest should compare Read more »

Mortgage Rates Inch Up

Posted by: RateAPY Bank Rates News
October 26th, 2009

Average mortgage rates for long-term home loans rose to an even 5% after dipping below that level for three weeks, according to the latest weekly survey of mortgage rates by Freddie Mac.
Rates for 30-year fixed-rate mortgages were still roughly 1% below the average of 6.04% at this time last year. The 15-year fixed-rate mortgage averaged ... Read more »

Charging Full Speed Ahead on Credit Card Rules

Posted by: RateAPY Bank Rates News
October 23rd, 2009

Speeding up implementation of new consumer protection rules on credit cards could produce unintended consequences, Federal Reserve Chairman Ben Bernanke told Congress.
The House Financial Services Committee is considering a proposal to move up the effective date of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act to Dec. 1. Most provisions are scheduled to go ... Read more »

Current Mortgage Rates Remain Below 5.0%

Posted by: RateAPY Bank Rates News
October 23rd, 2009

According the weekly survey by Freddie Mac, the average fixed rate for a 30-year mortgage was below 5% for most of October–around 4.9% with 0.7 points. Mortgage rates are under upward pressure, however, since the latest Freddie Mac numbers released October 22 showed the average 30-year fixed rate at 5.00% with 0.7 points. If you ... Read more »

Ally Bank Offers 12-month CD at 2.00% APY and Ten-Day Protection Against Rising Rates

Posted by: RateAPY Bank Rates News
October 22nd, 2009

Developing a secure savings plan is a priority for most families, and a certificate of deposit (CD) can be a great fit for an investment portfolio: CDs are FDIC-insured up to standard limits and typically offer a higher interest rate than regular savings accounts. Investors should compare CD quotes to get the best rate.
Ally ... Read more »

National Bank of Kansas City 30-Year Fixed Mortgage at 5.178% APR

Posted by: RateAPY Bank Rates News
October 20th, 2009

Home buyers attracted by affordable home prices are comparing mortgage quotes to minimize their monthly expenses, and many homeowners are also eager to take advantage of historically low interest rates to lock in affordable monthly payments with a refinance.
Compare Interest Rates and Points
When Read more »