FHA Loan Rates September 25 – Mortgage Rates Unchanged
FHA loan rates for September 25th, 2009 are unchanged from yesterday at 5.72%. Mortgage interest rates were extremely volatile early yesterday but have settled in since. Most analysts expected a move higher in mortgage interest rates after the Federal Reserve Bank confirmed that they were going to stop buying US treasuries by the end of [...]
Mortgage Interest Rates September 25 – 30 Year 4.97% Today
Mortgage interest rates for September 25th, 2009 remain under 5%. The 30 year fixed mortgage rate is currently at 4.97% while the 15 year fixed rate is at 4.38%. The 5/1 ARM is up to 3.89%. The expected movements after the Federal Reserve meeting have not happened the way we thought they would. There has [...]
Home Mortgage Loan Rates – First Time Home Buyers Tax Credit Looming
Home Mortgage loan rates continue to stay below 5%. This makes it very attractive for first time home buyers who want to take advantage of the tax credit. The issue at hand with the first home buyers tax credit is that the complete home transaction must be completed by November 30th. If you have not [...]
Bad Credit Financing – Get Money Assistance While Unemployed
Bad credit financing is a way to get money assistance even if you are unemployed. With the unemployment rate increasing every month, many Americans are seeking financial help through loan programs. Some of these borrowers may not be a bad credit borrower currently but over time, with no income, they are likely to see a [...]
Peter Schiff Running for Connecticut Senate Opposite Christopher Dodd
Peter Schiff has made it public that is he is going to run for the Connecticut Senate seat that is currently held by Christopher Dodd. Schiff has been critical of Dodd for quite some time saying that Dodd’s lack of oversight of Fannie Mae and Freddie Mac “was one of the major factors in helping [...]
VA Home Loan Mortgage Rates September 24 – Interest Rates Volatile Today
VA home loan mortgage rates have been quick volatile today as 30 year fixed mortgage interest rates on conventional home loans have been all over the map. Early in the day, mortgage rates were as low as 4.91%. By mid morning rates had jumped all the way up to 5.05%. Around noon we are seeing mortgage [...]
Credit Card Defaults Rise to Record; No Recovery Until Mid 2010
Credit card defaults rose to a record in August as Americans continue to lose jobs. There is no recovery expected in the credit card sector until Mid 2010. The Moody’s credit card charge-off index rose to 11.49% up from 10.52% in July. This upward movement comes after the first month of decline, July, in almost a [...]
Paul Volcker: Automakers, AIG and Investment Banks Should Not Be Bailed Out
Paul Volcker, former Federal Reserve Bank Chairman, made a statement on Thursday, September 24th, 2009 that automakes, AIG and investment banks should not be bailed out. He agreed that traditional banks should receive government aid to survive but insurance companies like AIG, automakers like GM and investment banks like Goldman Sachs should not receive money [...]
30 Year Fixed Mortgage Rates – Interest Rates Above 5%
The average for 30 year fixed mortgage rates is up to 5.05% early which is a quick increase from 4.91% earlier. Yesterday the Federal Reserve Bank confirmed that they were going to stop buying US Treasuries by the end of October. Some analysts were predicting that they would extend this program to help keep mortgage [...]
FHA Loan Rates September 24 – Mortgage Rates Jump Today
FHA loan rates for September 24th, 2009 have moved higher. Early on we are seeing 30 year fixed mortgage rates jump from 4.91% to 5.05% for conventional loans. For FHA loan rates this means 30 year rates are around 5.80%. This move is likely due to the fact that the Federal Reserve reiterated that they [...]
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