Banking/Finance

Raleigh Mortgage Interest Rates Move Higher in 2014

06/29/2014
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There is no argument to be made that mortgage interest rates are higher in 2014. While there may be some banks and lending institutions that are offering the 30 year fixed rate under 4% most borrowers are finding 30 year rates as high as 4.5%. On Zillow.com reports show that Raleigh, North Carolina mortgage...
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Average 30 Year Fixed Home Loan Rates at 3.5% in Late June 2012

06/24/2012
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Average 30 Year Fixed Home Loan Rates at 3.5% in Late June 2012

For quite some time homeowners have seen average 30 year fixed home loan rates under 4%.  Since the beginning of June 2012 fixed loan rates have bounced between 3.45% and 3.6%.  On Friday, June 22nd, 2012 average 30 year loans closed at 3.53%.  Remember that the 10 year treasury rate yield has moved higher...
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Average Mortgage Interest Rates Stable to Begin Week of June 18

06/18/2012
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Average Mortgage Interest Rates Stable to Begin Week of June 18

Average 30 year fixed mortgage rates have dropped below 3.5% twice in the month of June 2012.  At the very beginning of the month the 30 year fixed rate hit 3.48% for one day.  After a move to all time lows the 10 year treasury rate yield bounced and pushed rates higher.  On Friday,...
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Volatile Week on Wall Street Ends with a Strong Friday Close

06/17/2012
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Volatile Week on Wall Street Ends with a Strong Friday Close

The entire second week of June 2012 saw major swings in the United States stock indices.  It seemed that every single significant up day was followed by an equally significant down day.  By the end of the week the S&P 500 was up 1.3%.  It comes as no surprise that this is very close...
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Average 30 Year Mortgage Rates Remain Under 4% Headed into May 2012

04/29/2012
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Average 30 Year Mortgage Rates Remain Under 4% Headed into May 2012

The month of April was a very interesting month for average 30 year fixed mortgage rates.  To start the month the 10 year treasury rate yield was moving higher.  In fact, the 10 year yield pushed above its 200 day moving average very early in the month but that changed quickly on April 9th....
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Permanent Modifications From J.P. Morgan Chase Increase–Latest Information From HAMP Shows Improvements

11/19/2011
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Permanent home loan modifications with J.P. Morgan Chase increased between August and September and, for homeowners who are currently in the process of pursuing modification assistance, this could be positive news as it does show this particular servicer, among others is still seeing improvements in the area of permanent home loan modifications that are...
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Underwater Mortgage Refinancing Options From HARP–Why Some Homeowners May Not Benefit

11/19/2011
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Recent changes to the Home Affordable Refinance Program are hoped to bring benefits to the homeowners who have been struggling with negative equity over the past months or even years, but there are some aspects of this plan, which are predicted to help less than 1 million homeowners, but may still prevent some from...
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Balance Transfer Credit Card Rates May Be Higher For Some Cardholders–Costs Become More Of An Issue

11/16/2011
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Balance transfer credit card rates have remained somewhat unchanged over the past weeks but, depending on the average rate that a cardholder researches, but there have been some slight increases in overall averages as some cards may range anywhere between 12% to 16% or higher, yet as cardholders are not always in a position...
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Using 401(k) Loans When Refinancing–Homeowners Apply Cash Towards Mortgage Principal But Drawbacks May Arise

11/16/2011
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Over the past months we have seen some workers borrow money from their 401(k), in the form of a 401(k) loan, for various purposes and, in some instances there have been homeowners who have used funds from their retirement as a way to apply money towards their mortgage principal at the time of refinancing...
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Citigroup Sees Some Positive Numbers In Foreclosures For Homeowner Seeking Federal Aid On Mortgage Payments

11/11/2011
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Citigroup homeowners who were pursuing a federal home loan modification, in some situations, have fallen into foreclosure but according to the most recent Treasury Department reports that were released here in November more positive data has been seen. While foreclosure starts and completions are something that countless homeowners are attempting to avoid, it does...
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