RateAPY

Mortgage Rates Are Down for the Fourth Straight Week

Posted by: RateAPY Bank Rates News
January 29th, 2010

Refinancing just keeps getting better and better! Mortgage rates are down again, making it four consecutive weeks of improvement. Mortgage rates for a 30-year fixed, comforming home loan have stayed below 5% for the second straight week.
According to the Freddie Mac Primary Mortgage Market Survey (PMMS), the following are the ... Read more »

Geddes Federal Savings and Loan Association Money Market at 2.000% APY

Posted by: RateAPY Bank Rates News
January 29th, 2010

Individuals looking for the best place to save their money often choose a money market account for their emergency funds. Other savings vehicles may work for specific goals, but a money market account has the advantage of earning interest yet allowing up to six withdrawals each month for expenses or ... Read more »

The Personal Savings Rate Is Going Up

Posted by: RateAPY Bank Rates News
January 28th, 2010

After years of declining, the personal savings rate is going up. People may be saving more because credit is harder to come by than in the past. Also, the unemployment rate is high, which often causes people to worry about their incomes. People are keeping more of their money in liquid accounts such as savings ... Read more »

Premier Mortgage Consultants Offering Floridians a 30-Year Fixed Rate Mortgage at 4.76% APR

Posted by: RateAPY Bank Rates News
January 28th, 2010

Florida homeowners interested in refinancing their mortgages or potential homebuyers looking for financing may compare mortgage offers from banks to find the best mortgage interest rates.
Mortgage interest rates, whether for purchase or refinancing, have been historically low in recent months. When comparing bank deals, borrowers should look at three ... Read more »

FOMC Leaves Interest Rates Unchanged though Hoenig Dissents

Posted by: RateAPY Bank Rates News
January 27th, 2010

When it comes to the Federal Open Market Committee (FOMC), which is the Federal Reserve’s committee on interest rates, sometimes it may be what is implied that matters. Today, the FOMC left its key interest rate, the fed funds rate, at 0.000%-0.250%. The statement that interest rates should remain low for an “extended period” also ... Read more »

Ally Online Savings Account Pays 1.49% APY

Posted by: RateAPY Bank Rates News
January 27th, 2010

Savings accounts are about more than just interest rates. Of course, the first thing to look for when you want to open a savings account may be a great interest rate. But that’s not the only thing.
Some savings banks may offer high promotional teaser rates that don’t last. Some ... Read more »

How Politics May Affect Credit Card Rates

Posted by: RateAPY Bank Rates News
January 26th, 2010

It seems like the interest rates that you pay of your credit cards should be far removed from what goes on in Congress, right? There may be a few degrees of separation, but ultimately politics may have some effect on the interest rates on your credit cards. Here is an example of one possible effect:
... Read more »

Capital One Bank Ten-Year Certificate of Deposit at 3.25% APY

Posted by: RateAPY Bank Rates News
January 26th, 2010

A certificate of deposit (CD) can be a helpful vehicle to save money for an emergency fund, college tuition, a new car, or a vacation, particularly for individuals who want to establish a specific savings goal and a date to reach that goal.
Comparing bank deals and ... Read more »

Proposed Changes to FHA Loans

Posted by: RateAPY Bank Rates News
January 25th, 2010

In the past three years, the volume of loans guaranteed by the FHA has soared. FHA loans now make up over half of all mortgage loan originations. This jump in volume has caused the FHA to re-evaluate its current model. Following are some changes that have been proposed:

The up-front mortgage insurance premium (UFMIP) on FHA ... Read more »

Hudson City’s CD Rates Top 3.4% APY for 5-Year Term

Posted by: RateAPY Bank Rates News
January 25th, 2010

Interest rates on certificates of deposit (CDs) vary based on three main factors: the term of the investment, the amount deposited, and the location of your residence. That’s why it’s so important to shop around and find the best rate for your particular circumstances.
And, if you live in the states ... Read more »