California Mortgage Rates Hit 4.53%

Archive for July, 2010

California Mortgage Rates Hit 4.53%

Friday, July 30th, 2010 | 1 Comment

Yesterday Zillow reported that California mortgage rates increased 1 basis point from 4.52% to 4.53% on average. This is up 3 basis points from last week’s rate of 4.50% for California mortgages. Statewide rates ranged from 4.23% to 4.75%. Currently, California mortgage rates are on average approximately 3 basis points higher than the national rate […]

Which US Banks are Strongest?

Friday, July 30th, 2010 | Comments Off

Banker’s Magazine just completed its 2010 ranking of the world’s best banks. The list is based on Tier 1 capital which serves as a way to judge a bank’s ability to handle financial shocks and lend on a large scale. Bank of America, based in Raleigh, North Carolina, was selected as the world’s top bank […]

Forecast of the Near Future: Interest Rates Even Lower

Friday, July 30th, 2010 | Comments Off

Today yields on Treasury instruments fell even lower, with the 2-year T-note hitting a record low of paying just 0.55%. Can interest rates go lower? The government today announced that GDP grew at only 2.4% in the second quarter, which was much less than expected. What does this suggest for the immediate future? First, the […]

Debt Settlement Companies Face Crackdown

Thursday, July 29th, 2010 | Comments Off

Debt settlement companies are notorious for charging upfront fees for promising to reduce or eliminate credit card balances and other debt. The problem is, they don’t often deliver. The Better Business Bureau reports that since the start of the recession it has received more than 3,500 complaints about debt settlement companies, and for every complaint […]

Interest Rates on Treasury Notes Fall to a 14-month Low

Thursday, July 29th, 2010 | Comments Off

Interest rates on 10-year Treasury notes fell to their lowest level in 14 months, falling to 3.03% today. This is the lowest level since April 2009, and the recent actions by the Federal Reserve suggest that rates will stay low for some time into the future. A Consumer Spending report by the Commerce Department just […]

Miles by Discover Card

Wednesday, July 28th, 2010 | Comments Off

The Miles by Discover Card is a travel credit card which allows cardholders to earn points which can be redeemed for travel credits, gift cards or cash. With the Discover Miles card, basically you earn one mile for every dollar you spend on the card, and there is no cap to the number of miles […]

Chase CD Rates

Wednesday, July 28th, 2010 | Comments Off

There’s been a lot of interest lately in Chase CD rates. As a large bank, JP Morgan Chase offers quite a few certificates of deposit and their best rates vary according to the amount invested. There are two categories of CDs — those under $10,000 and those amounting to $10,000 and over. The Chase Bank […]

Nationwide Search for the 5 Highest Money Market Rates

Tuesday, July 27th, 2010 | Comments Off

Scanning our database, we've done our consumer research to find the top five banking institutions offering high yield money market rates. Yield investors need look no further: Sallie Mae Murray, UT APY 1.40% Deposit Required $0 Discover Bank New Castle, DE APY 1.35% Deposit Required $500 Capital One Direct Banking Glen Allen, VA APY 1.35% Deposit […]

5 Stock Market Myths That Simply Won’t Disappear

Monday, July 26th, 2010 | Comments Off

Here at CaliforniaConsumerBanking.com we specialize in bank deals for top CD rates, credit cards, loans and so forth. Every now and then our Personal Finance editor wants to put in an article about the stock market. Though we concentrate on interest rate instruments, you should know about other ways of investing… Here are 5 stock […]

The Highest CD Rates Nationwide

Monday, July 26th, 2010 | Comments Off

Our search for the highest cd rates in the nation revealed the following bank deals. If you’re seeking the best cd rates, start your search here first: 3-month CD: Goldwater Bank .90% APY and Woodlands Commercial Bank .80% APY versus the national average interest rate yield of .27% 6-month CD: newdominionDIRECT.com 1.25% APY and Aurora […]

Archive for July, 2010