Archive for the ‘Interest Rates’ Category

Mortgage Rate Survey Update

Thursday, July 2nd, 2009

Freddie Mac published their Weekly Primary Mortgage Market Survey today with an update of mortgage loan rates.  

See:
http://www.moneycafe.com/library/mortgagerates.htm

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Freddie Mac Rate Update

Friday, June 26th, 2009

Freddie Mac published their Weekly Primary Mortgage Market Survey today with an update of mortgage loan rates.  

See:
http://www.moneycafe.com/library/mortgagerates.htm

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Prime Rate Stays The Same

Wednesday, June 24th, 2009

The Federal Reserve FOMC announced their rate and policy statement today.  They kept the current Fed Funds Rate at 0% to .25%, which keeps the Prime Rate at 3.25%.

See:
http://www.moneycafe.com/library/fedfundsrate.htm
http://www.moneycafe.com/library/primerate.htm

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Fed Expected to Hold Rates Steady

Wednesday, June 24th, 2009

The Federal Reserve FOMC will announce their rate and policy statement later today.  They are expected to keep the current Fed Funds Rate at 0% to .25%, which would keep the Prime Rate at 3.25%.

See:
http://www.moneycafe.com/library/fedfundsrate.htm
http://www.moneycafe.com/library/primerate.htm

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Freddie Mac Mortgage Survey Update

Friday, June 19th, 2009

Freddie Mac published their Weekly Primary Mortgage Market Survey today with an update of mortgage loan rates.  

See:
http://www.moneycafe.com/library/mortgagerates.htm

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Monday Money

Friday, June 12th, 2009


This is a look at some of the best interest rates for deposits and loans from national banks and lenders.  (Surveyed Friday afternoon.)

Bank

Savings Account

1 Year CD

3 Year CD

Ally Bank

2.05%

2.35%

3.00%

Capital One

1.75%

0.50%

1.50%

Discover Bank

1.65%

2.30%

3.10%

Dollar Savings

2.00%

 

 

E*Trade Bank

0.95%

0.70%

0.85%

HSBC Direct

1.55%

2.00%

1.75%

ING Direct

1.50%

1.50%

1.50%

WT Direct

1.76%

 

 

Money Aisle

(get bid)

(get bid)

(get bid)

Rates are APY (Annual Percentage Yield)
Assumption: $10,000 deposit

Mortgage

Lender

 

5/1
 Adjustable Rate

30 Year
Fixed Rate

Bank of America

 

4.423%

5.780%

Chase Mortgage

 

4.389%

5.544%

Citibank Mortgage

 

 

5.855%

GMAC Mortgage

 

 

Unavailable

Quicken Loans

 

 

5.553%

Wells Fargo

 

4.459%

5.824%

Lending Tree

 

(get quotes)

(get quotes)

Rates are APR (Annual Percentage Rate)
Assumptions when available:  $320,000 conforming loan,
20% down, excellent credit, documented income,
priced with approximately 1 point loan cost (+/- .25 point)
California property  (Rates Survey between Friday and Monday)

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