Suzana Ancevska

Compare FED’s Refinance Mortgage Programs

June 11, 2013 at 7:15 PM
By: Suzana Ancevska
Refinance Mortgage
There are various government-backed refinance programs that are designed to make the home-purchasing process easier for Americans. These programs are aimed at lowering the income and credit score requirements along with reducing the requirements associated with cash down-payments. Here are some of the refinance mortgage assistance programs offered by the federal government of the United States:
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John B Landers

Mortgage Rates Up to One-Year High

May 31, 2013 at 3:01 PM
By: John B Landers
Mortgage Rates
Freddie Mac reports that U.S. mortgage rates increased to the highest level in a year in the face of a housing market that continues to show strength and the general economy improves. The benchmark 30-year fixed rate mortgage climbed to 3.81 percent from 3.59 percent just a week ago. The 15-year product increased to 2.98 percent compared to 2.77 percent last week. The 5 ½ ARM remained stable at 2.6 percent.
The average mortgage interest rate for a Federal Housing Administration or FHA-insured 30-year fixed rate mortgage rose to the highest level since August last year—at 3.62 percent from 3.53 percent the week before.
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Current Interest Rates
PRODUCT +/- Rate Last week
30 year fixed Arrow 4.09% 4.16%
15 year fixed Arrow 3.25% 3.30%
5/1 ARM Arrow 3.28% 3.36%
PRODUCT +/- Rate Last week
30 year fixed refi Arrow 4.09% 4.17%
15 year fixed refi Arrow 3.25% 3.34%
10 year fixed refi Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Arrow 3.20% 3.20%
48 month used car loan Arrow 3.18% 3.19%
60 month new car loan Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Arrow 0.75% 0.71%
1 Year CD Arrow 1.24% 1.24%
2 Year CD Arrow 1.41% 1.41%
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%