2011 Foreclosures Expected to Increase

Archive for December, 2010

2011 Foreclosures Expected to Increase

Monday, December 13th, 2010 | Comments Off

The number of foreclosures is expected to increase in 2011 as more mortgage defaults work their way through the pipeline. Rick Sharga, a senior vice president for RealtyTrac, said there were approximately 1.2 million bank repossessions in 2010, 900,000 in 2009, and “We expect we will top both of those numbers in 2011,” he said. […]

Renting versus Buying in California

Friday, December 10th, 2010 | Comments Off

One of the sites we often follow is Patrick.net, operated by Patrick Killelea. From his years of covering the California real estate market, Patrick says there is an easy mathematical computation you should perform to determine whether you should be renting or buying a CA home. Here’s the formula: According to Patrick, a BAD deal […]

Are Increasing Interest Rates Helping the Housing Market?

Thursday, December 9th, 2010 | Comments Off

The interest rates charged on fixed mortgages have risen for the fourth straight week. Some fear that the rise, which goes against QE2, could slow house refinancings and further put a damper the already depressed housing market. Despite valiant efforts from the FED, low mortgage rates did little to boost the struggling housing market. However, […]

Obama Tax Cuts Cause Stiff Treasury Selloff

Wednesday, December 8th, 2010 | Comments Off

President Obama’s tax-cut agreement with House Republicans has led to the second day of widespread drops in Treasury bond and note prices. Fearing that the plan will create deeper budget deficits and raise interest rates, bond prices have plummeted. The yields on Treasury bonds and notes jumped as their prices fell. The 10-year T-note yield […]

New California Savings Account Interest Rates

Tuesday, December 7th, 2010 | Comments Off

We haven’t updated our California savings account interest rates reporting in a while because, well, rates have been so low and doing nothing at all. But times are a changing. We are starting to see some movement at the low end of the interest rate curve because rates are rising a bit. Here are the […]

Mad Hedge Fund Trader John Thomas Reveals How to Get Rich in 2011

Sunday, December 5th, 2010 | Comments Off

If you are like us, you want to put your money in something that will go up in price. You also want to know what world trends will cause your asets to go up in value, and where you should put yyour money in things other than cds. You already know that sometime during mid-2011 […]

New Tax Rates

Saturday, December 4th, 2010 | Comments Off

We were just reminded that capital gains tax rates are set to increase from 15% to 20% if the Bush tax cuts are not extended. Last time the capital gains tax rate went up, which was on Jan. 1, 1987 (the rates increased from 20% to 28%), investors chose to sell stock and realize their […]

Citibank Has Over 28000 ATMs Across the US

Thursday, December 2nd, 2010 | Comments Off

One of my banking accounts is at Citibank, and I was surprised to realize just how many ATMs they have across the US. This can make your banking experience very easy and convenient. Did you know that Citibank has over 28,000 ATMs nationwide? There are over 3,200 ATMs at more than 1,000 Citi branches. There are […]

Best California CD Rates Comparison – December 1, 2010

Wednesday, December 1st, 2010 | Comments Off

Our California banking editor has out together this updated list of the best California CD rates right now. This list also contains the highest CA CD rates from national banks, too. Use this list to compare the highest California CD interest rates from local CA banks and other California financial institutions together with the best nationwide […]

Archive for December, 2010