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Mortgage Interest Rates Today February 9 – Rates Mixed Early This Week

Posted on | February 9, 2010 | No Comments



Mortgage interest rates today, February 9th, 2010, are mixed early. It is prior to 8:30 am eastern so it is still very early but the 30 year fixed mortgage rate is up to 4.87% while the 15 year fixed mortgage rate is down to 4.23%. The 5/1 ARM is also up to 3.74%. Mortgage rates are still very close to historic lows but a bounce soon would not be a surprise.


Late last week the 10 year treasury rate yield broke below its 50 day moving average which sent the 30 year fixed mortgage rate all the way down to 4.73%. It looks as if we are now in a break and retrace movement in which the 10 year yield is workings its way back to the 50 day moving average; we will see what happens today.

There is still strong support at the 200 day moving average for the 10 year treasury rate yield. It still seems likely that this strong uptrend in yields is taking a breather before much higher highs later in the spring. If this happens expect mortgage rates to move well above 5%.

Make sure to check out Subprime Blogger on a daily basis for your mortgage interest rates. We will display the current rates as well as a short commentary similar to the above column. Bookmark the following daily mortgage rates category to gain easier access to our mortgage interest rates column:

Daily Mortgage Rates Column

Author: Jesse Wojdylo




Category: daily mortgage rates

How Much Will You Save on the First Time Home Buyer Tax Credit? $8000 or $6500?

Posted on | February 8, 2010 | No Comments



Many first time home buyers want to know how much they can save on the first time home buyer tax credit.  The answer is either $8000 or $6500.  If you are buying your first home and you start the home buying process and are under contract by April 30th, 2010 then you will get a check for $8000.  If you are a move up buying and you have lived in your current residence for five years or more you will get a check for $6500.


It is very interesting to see that the current housing market has lost its appeal to those looking to refinance.  The refinance activity data continues to decline so the only thing holding home prices up are first time home buyers.  Many of these first time home buyers have had no sense of urgency because they have until April 30th to get their new home under contact.

With this being the case there is a very good chance that first time home buyers will start to come onto the market over the next few months to make sure that they take advantage of this tax credit.  Unfortunately, the first time home buyers might not be able to prop housing prices up much longer because the market is likely to start setting mortgage interest rates in the spring of 2010.  Only time will tell what will happen but the housing market could struggle during the later part of 2010.

Author: Jesse Wojdylo



Category: Uncategorized

Today’s Lowest FHA Mortgage Interest Rates – Current Rates Around 4.85%

Posted on | February 8, 2010 | No Comments



Today’s lowest FHA mortgage interest rates are around 4.85% for the 30 year fixed mortgage rate.  The conventional 30 year fixed mortgage rate is coming in around 4.8% and FHA mortgage rates are very close to conventional rates.  If you are looking to lock in to a low mortgage rate today or over the next few days then you should consider looking into FHA mortgage rates as they have helped many Americans lately.


The 10 year treasury rate yield is up slightly today which is pushing conventional mortgage rates up but the yield is still below its 50 day moving average.  There is a strong possibility that we are going to see a break and retrace movement from the 10 year yield.  This means that FHA mortgage interest rates are likely to stay below 5% for the time being.

Before choosing a mortgage lender it would be a wise decision to do your research.  Most mortgage lenders are currently advertising mortgage rates below 5% but you will want to find a lender who is willing to go above and beyond for you.  This is a very competitive industry right now so you should have very little difficutly contacting a lender and talking to an actual human being.  Make sure to seek the best FHA mortgage interest rates possible.

Author: Alan Lake



Category: Uncategorized

Bad Credit Credit Card Application – Apply or Find Low Rate Cards This Week

Posted on | February 8, 2010 | No Comments



If you are looking to apply for low rate credit cards this week then you may want to consider searching for a bad credit credit card application. With the advancements in technology it is much easier today to find credit cards online. There are many broad-based credit card searches that can help you find the car that is right for you.


Before you decide that you must fill out a credit card application it might be a good idea to look at your overall financial picture. If you are finding it very difficult to make ends meet and you cannot pay all your bills it is probably not a good idea to take out another line of credit.

It would be wise to pay down your current bad credit credit cards before you seek another one. If you have made good financial decisions in the past and you have paid off all of your credit card bills you might want to reward yourself by seeking a credit card with better options.

Before submitting the bad credit credit card application it would be smart to make sure that that is a credit card that you want. It is not worth it to go through the entire application process and realize that the credit card that you want is not the one that you applied for.

Author: Tiffany Mann



Category: Bad Credit Credit Cards

Bad Credit Home Loans – First Time Buyers Seeking Low FHA Mortgage Rates

Posted on | February 8, 2010 | No Comments



There are many first time home buyers that are seeking low FHA mortgage rates. Unfortunately, many of these borrowers do not have a significant income nor do they have a low level of debt. This makes them prime candidates to take out a bad credit home loan which is exactly what mortgage lenders do not want.


If you are a first time home buyer and your debt to income ratio is above 50% you will probably be taking out some type of bad credit home loan. Even though you may not have extremely bad credit you have too much debt compared to the money you are making. With this being the case you need to work to lower your overall debt load.

At the present time 30 year fixed FHA mortgage rates are very close to all-time lows. Most mortgage lenders are quoting FHA 30 year fixed rates below 5% for good credit borrowers. If you have made strong financial decisions in the past and you have a debt to income ratio that is below 50% you will benefit from this low interest-rate environment.

Make sure to do your research before jumping into the home buying process. There are many first time home buyers that feel that they should qualify for low mortgage rates but they do not understand the requirements. Do not get your hopes up if you have a high debt to income ratio and a very bad credit score.

Author: Heather Best



Category: Bad Credit Home Loans

Home Mortgage Loan Rates – First Time Home Buyers Look for New Homes

Posted on | February 8, 2010 | No Comments



Home mortgage loan rates have been below 5% for the entire year of 2010. With mortgage rates very low and tax credits available there many first time home buyers that are looking for new homes. Unfortunately, this seems to be the only type of buyers in the market at the present time as most people have already refinanced.


Even though mortgage rates are well below 5% the amount of refinance activity continues to take decline in 2010. Most of the refinancing that was done over the last two years has taken those borrowers who had the ability to refinance out of the market. This leaves mostly first time homebuyers to hold up home prices.

With home mortgage loan rates extremely low and tax credits available there is a very good possibility that we will continue to see many first time home buyers enter the market. It will be interesting to see when the tax credit expires if these first time home buyers continue to hold home prices at a stable level.

If you are looking for a new home and you would like to get a low mortgage rate then you will need to make certain that you have a debt to income ratio of less than 50%. If you find that you have a low credit score and a significant amount of debt then you will not qualify for low mortgage rate.

Author: Jeremy North



Category: Home Mortgage Loan Rates

Improve Your Credit Score – Low Debt to Income Ratios for Low Mortgage Interest Rates

Posted on | February 8, 2010 | No Comments



If you are looking to get a low mortgage interest rate then you will want to make certain that you have a low debt to income ratio. If you work to decrease your debt to income ratio than there is little doubt that you will improve your credit score. Unfortunately, it is very hard to get a low mortgage interest rates if your debt to income ratio is above 50%.


A low debt to income ratio and a high credit score go hand-in-hand. You will find that as you work to pay off your debt your credit score will gradually increase. The only way that your credit score will not increase and your debt to income ratio decreases is if you get a huge increase in your yearly salary.

Even if you do get a huge increase in your yearly salary you will find that lenders of money will allow you to borrow this money at much cheaper rates. Overall you will want to do your best to make sure that your debt to income ratio is well below 50%. This will allow you to get a very low mortgage interest rate.

There are many mortgage lenders out there who are currently advertising mortgage rates well below 5% but you will need a very good credit score to have the ability to have access to these rates. Start working today and you can have your debt paid off in no time which will also improve your credit score.

Author: Mike Garner



Category: Uncategorized

One Hour Bad Credit Payday Loan – Borrowing Quick Cash to Pay Past Bills

Posted on | February 8, 2010 | No Comments



If you need to borrow quick cash to pay bills that are past due then you might want to consider a one hour bad credit payday loan. A payday loan can get you money in less than one hour if you go to a physical location. There are some online lenders they can get money wired to your bank in less than one hour as well.


Before you decide that borrowing money through a payday loan is correct for you it would be wise to do your research first. What you must understand is that bad credit payday loans include fees that can add up very quickly. The amount of money you pay in fees is usually between $15 and $35 for every $100 you borrow.

This may not seem like a great amount of money but it can add up very quickly if you have borrowed several hundred dollars. What you will also need to understand is that these fees will reset every time you receive a paycheck and do not pay the loan off.

If you are past due on several bills it might be a consideration to get a bad credit payday loan. If you just need extra cash and there is no time frame on this money then you might want to consider doing research on a bad credit unsecured personal loan.

Author: Heather Best



Category: Uncategorized

Best Online Checking Account Rates – Extra Cash Return from your IRS Tax Filing

Posted on | February 8, 2010 | No Comments



If you are getting an extra cash return from your IRS tax filing then you will want to put this money somewhere that is gaining interest. They will be watched do research on the best online checking account rates. At the present time there are many local community banks that are offering rates as high as 5.25%.


Most people do not realize that there are banks that are offering interest rates this high on checking accounts but they do exist. It will be wise to do your research before deciding which bank to choose as some of these bank accounts are only available to local residents.

Unfortunately, if you do not live in a specific area in the country you will not have access to these high interest rates. Please understand that there is nothing you can do about this but research the community banks in your area that are offering high interest rates. Getting a high yield on the checking account is something that could be very beneficial in the future.

By compounding interest on the money that you have earned you could see your wealth grow very quickly. Having an interest rate as high as 5% will allow this money to grow much quicker than if you had a lower interest rate from a national bank. Make sure to do your research today is there are opportunities out there.

Author: Tiffany Mann



Category: Uncategorized

Unsecured Poor Credit Credit Cards – Find No Fees and No Deposit

Posted on | February 8, 2010 | No Comments



If you are currently looking for a no fees and no deposit credit card then there are options available for you. If you are looking for an unsecured poor credit credit card with these options then you may find that you will have to do some homework. By having bad credit you were going to find it difficult to get certain options with a credit card.


There are many Internet websites that can help you to do a broad-based credit card search. It would be wise to spend several hours doing research on a credit card before you fill out the application. By filling out the application you are telling the company that you are likely to use that credit card and they should consider you interested.

Instead of immediately applying for any credit card that you see it will be wise to step back and look at the overall picture. There many different options when it comes to a credit card and you probably do not need all of those options. Two things that many people desire are no fees and no deposit.

With the advancements in technology you should easily be able to find credit cards with these two options but please understand that bad credit borrowers are not going to be able to pick and choose from these options. You may have to accept not getting all of the incentives you walk.

Author: Heather Best



Category: Uncategorized
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