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Mortgage Rates Up Sharply

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

According to the Freddie Mac Primary Mortgage Market Survey (PMMS), the 30-year fixed conforming mortgage rate jumped 0.12% this week to land at 5.05% with 0.7% points. Normally, during a week of negative economic news, as stocks are being sold, mortgage backed securities (MBS) are being purchased, which keeps mortgage ... Read more »

Capital One High Yield Money Market Account at 1.15% APY

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

Money market accounts offer the best of both worlds: your money earns interest in a safe investment, yet you have immediate access to your funds at all times.
Capital One’s High Yield Money Market Account currently features an interest rate of 1.14% or 1.15% APY whether you open the account with $1 ... Read more »

Stock Investments Suffer On Concerns About Greece And Unemployment

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

Federal Reserve Chairman Ben Bernanke continued his Congressional testimony today before the Senate Banking Committee. Stock investments fell dramatically as the testimony began to cover what could be serious issues with U.S. banks’ involvement with credit default swaps sold to Greece. Goldman Sachs and other companies may have used creative derivatives to help Greece hide ... Read more »

Home State Finance Offers 30 Year Fixed Rate Mortgage at 4.789% APR

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

Low mortgage interest rates continue to be a bright spot in the U.S. economy. These historically low rates are increasing the affordability of home purchases and allowing homeowners a chance to refinance and save money on the home they already own.
Massachusetts residents can work with local mortgage lender Home State Mortgage ... Read more »

Prime Interest Rate To Remain Low For Months

Posted by: RateAPY Bank Rates News
February 24th, 2010

Federal Reserve Chairman, Ben Bernanke, gave his semiannual monetary policy testimony today before the House Financial Services Committee. Last week the Federal Reserve raised the discount interest rate banks pay for emergency loans. Today, Chairman Bernanke reiterated that interest rates should remain low for several more months because economic recovery from the worst recession in ... Read more »

Earn 1.55% APY with a Palladian PrivateBank Savings Account

Posted by: RateAPY Bank Rates News
February 24th, 2010

High Interest Savings Accounts
It would be understandable if the term “high interest savings account” brought a wry smile to your face. In an historical context, American interest rates are generally exceptionally low at the moment, which presents many challenges to savers.
But everything is relative, and there’s no doubt ... Read more »

Mortgage Rates Improve On Poor Consumer Confidence

Posted by: RateAPY Bank Rates News
February 23rd, 2010

It is a bitter sweet fact that mortgage rates usually improve on bad economic news. Mortgage rates come from the sale of mortgage backed securities (MBS), which are fixed income products. Demand for fixed income products, like U.S. Treasury bonds, often increases when investors feel the economy is is ... Read more »

Interest Rates Likely to Be Impacted by Economic News

Posted by: RateAPY Bank Rates News
February 23rd, 2010

The Feds have started to raise interest rates and much of the stimulus used to boost the economy is coming to an end. Interest rates on everything from mortgages to certificates of deposit will likely go up.
Economic Questions as Stimulus Programs End
The Case-Shiller 20 ... Read more »

AIG Bank 60 Month Certificate of Deposit at 3.05% APY

Posted by: RateAPY Bank Rates News
February 23rd, 2010

One of the most difficult aspects of building a savings account for many individuals is the temptation to dip into savings from time to time to pay a bill or make a special purchase. One reason so many Americans find a certificate of deposit (CD) appealing is that this type of account earns ... Read more »

iGObanking.com? Pays up to 3.55% APY on $1,000 CD Investments

Posted by: RateAPY Bank Rates News
February 22nd, 2010

Certificate of Deposit Strategies
One of the best ways to make the most of your certificate of deposit investments is to “layer” maturity dates. That means having a number of CD accounts, each of which reaches its term on a different date from the others. This provides two advantages. First, ... Read more »