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Rising Mortgage Rates

The economy is gradually recovering from recession and with the rising prices of commodities as well as assets, mortgage rates also seem to be on the rise. Though mortgage rates alone do not give a picture of the market sentiment, . . . → Read More: Rising Mortgage Rates

30-year Fixed-Rate Mortgage Interest Rates Edged Up

According to Freddie Mac’s weekly survey of conforming mortgage rates, interest rates on 30-year fixed-rate mortgages edged up slightly this week, averaging 4.21% up over last week’s 4.19%. At the same time last year the 30-year mortgage averaged at 5% and was over 6.5% in 2008. The slight increase this week is the first rate increase in over a month. Average rates also rose on 15-year fixed-rate mortgages, up to 3.64% from 3.62% last week. This rate averaged at 4.43% a year ago.

Continue reading 30-year Fixed-Rate Mortgage Interest Rates Edged Up

Personal Loan Interest Rates Show Steady Rise Despite A Recovering Economy

Personal loan interests rates are steadily rising despite a positive economic recovery scenario. It is as of now unclear whether the interest rates will begin to fall anytime soon or not as the recovery of the general economy as a whole continues. However, the phenomenon of interest rates going up is not just restricted to the United States but is something that is being seen worldwide. On an average the personal loan interest rates have been increasing steadily in the global market.

Continue reading Personal Loan Interest Rates Show Steady Rise Despite A Recovering Economy

A Quick Look At Car Loan Refinancing

Car loan refinancing has turned out to be one of the popular options amongst a certain segment of the consumers who are exploring ways to cut costs and save money on their monthly car loan payment. While other expenses such as mortgages are idly the most costly obligation someone can have in their life, a car payment is also a strong liability for someone who is going through financial trouble.

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BofA and Chase Mortgage Interest Rates on ARM and Fixed loans: 10/1/2010

Below is a weekly round up of rates on mortgage rates from Chase and Bank Of America.

Current trend on average mortgage rates is down both on month-to-month and week-to-week basis. Rates are hovering around 4.125-4.25% and are the lowest in 20-30 years period. If you’re looking for a loan and your financial situation affords you home . . . → Read More: BofA and Chase Mortgage Interest Rates on ARM and Fixed loans: 10/1/2010

Want High Saving Interest Rates – Look Abroad

I remember 2 years ago going to my local bank and getting a nice certificate of deposit deal there – 5% for 6 months. How stupid I was on not getting this rate for 3 or maybe even 5 years. It was already clearly visible by that time that US economy is going into recession full . . . → Read More: Want High Saving Interest Rates – Look Abroad

Mortgage Interest Rates Continue Falling In September Due To Softening Housing Market

According to the latest report from FHFA (Federal Housing Finance Agency) mortgage interest rates on all types of fixed-rate loans continued their decline in August. This decline is caused by continued stagnation of US housing market and at this point it is expected that rates will either hold their current level or continue falling further.

FHFA reported . . . → Read More: Mortgage Interest Rates Continue Falling In September Due To Softening Housing Market