Bank Deals, Credit Card Deals, CD and Mortgage Rates
Rates have come down steadily over the last week. Below are the average mortgage rates and points in the top 10 markets in the US. This week the rates went down by 50 basis point. Stay tune for next weeks number.
Average mortgage rates and points in the top 10 markets for week #48 (Nov 30 – Dec 6, 2008)
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Source: BankRate
With 15 Year Fixed rate at 5.375 and 30 Year Fixed at 5.70%, now is a good time to get a mortgage or refinance your existing ARM, Fixed or exotic mortgages. Though most people will have a harder time getting approved as banks are more strigent and more through in terms of checking information. Good Luck with the process!
State Unemployment Rate as of November 2008. Michigan had the highest unemployment rate at 9.6 followed by Rhode Island with 9.3 followed by California Unemployment Rate of 8.4.
| Rank | State | Rate |
|---|---|---|
| 51 | MICHIGAN | 9.6 |
| 50 | RHODE ISLAND | 9.3 |
| 48 | CALIFORNIA | 8.4 |
| 48 | SOUTH CAROLINA | 8.4 |
| 47 | OREGON | 8.1 |
| 45 | DISTRICT OF COLUMBIA | 8 |
| 45 | NEVADA | 8 |
| 44 | NORTH CAROLINA | 7.9 |
| 43 | GEORGIA | 7.5 |
| 39 | ALASKA | 7.3 |
| 39 | FLORIDA | 7.3 |
| 39 | ILLINOIS | 7.3 |
| 39 | OHIO | 7.3 |
| 38 | MISSISSIPPI | 7.2 |
| 37 | INDIANA | 7.1 |
| 36 | KENTUCKY | 7 |
| 35 | TENNESSEE | 6.9 |
| 34 | MISSOURI | 6.7 |
| 33 | CONNECTICUT | 6.6 |
| 31 | MINNESOTA | 6.4 |
| 31 | WASHINGTON | 6.4 |
| 29 | ARIZONA | 6.3 |
| 29 | MAINE | 6.3 |
| 25 | ALABAMA | 6.1 |
| 25 | NEW JERSEY | 6.1 |
| 25 | NEW YORK | 6.1 |
| 25 | PENNSYLVANIA | 6.1 |
| 24 | MASSACHUSETTS | 5.9 |
| 23 | COLORADO | 5.8 |
| 19 | ARKANSAS | 5.7 |
| 19 | IDAHO | 5.7 |
| 19 | TEXAS | 5.7 |
| 19 | VERMONT | 5.7 |
| 17 | DELAWARE | 5.6 |
| 17 | WISCONSIN | 5.6 |
| 15 | LOUISIANA | 5.3 |
| 15 | MARYLAND | 5.3 |
| 12 | HAWAII | 4.9 |
| 12 | KANSAS | 4.9 |
| 12 | MONTANA | 4.9 |
| 11 | VIRGINIA | 4.8 |
| 10 | OKLAHOMA | 4.7 |
| 9 | WEST VIRGINIA | 4.6 |
| 6 | IOWA | 4.3 |
| 6 | NEW HAMPSHIRE | 4.3 |
| 6 | NEW MEXICO | 4.3 |
| 4 | NEBRASKA | 3.7 |
| 4 | UTAH | 3.7 |
| 3 | SOUTH DAKOTA | 3.4 |
| 2 | NORTH DAKOTA | 3.3 |
| 1 | WYOMING | 3.2 |
| Source: Bureau of Labor Statistics | ||
The following CDs (Certificate of Deposits) are offered to New York Residents. Hudson City Savings Bank, Queens County Savings Bank and Astoria Federal Bank offers the top New York CD Rates from local regional banks. The following CD Rates are for 1 Year CD in New York.
| Bank Name | CD Product | APR | Minimum Deposit |
| Ally Bank | 1 Year CD | 2.00% | $0 |
| Discover Bank | 1 Year CD | 1.95% | $2,500 |
| Hudson Savings Bank | 1 Year CD | 1.85% | $500 |
| Queens County Savings Bank | 1 Year CD | 1.64% | $500 |
| Citibank | 1 Year CD | 1.50% | $500 |
| Astoria Federal Savings | 1 Year CD | 1.05% | $500 |
New York CD Rates are as of September 2009.
HSBC DIrect’s saving interest rate was recently raised to 3.5%. Very good comparing to the onlne saving banks. The increase rates applied to old and new accounts. The 3.5% is guaranteed until August 15, 2008.
No montly fees, no minimum balance requirments, FDIC Insured
In addition, HSBC is also offering a $25 bonus for completing the following steps:
Chase Freedom Card
Chase Freedom Card is one of the best cash back credit card available on the market. You get back 3% of the total purchase. Most credit give you maximum of 1% but this card is 3% on 15 categories. Chase is very strict approval process. Must have excellent credit!
* Receive $50 after You Make Your First Purchase
* 3% Cash Back in Your Top 3 Everyday Spending Categories
* 1% Cash Back for Every $1 You Spend on All Other Purchases
* Receive an Extra $50 Each Time You Save and Redeem $200 in Rewards
Sign up to get your $50 cash reward plus 3% on cash back on your purchases
Mortgage Rate for March 14, 2008
| Mortgage Loan Type | Today |
| 30 Year Fixed Mortgage | 5.95% |
| 15 Year Fixed Mortgage | 5.28% |
Average mortgage rates from Citibank Mortgage, Wells Fargo Mortgage, Bank of America Mortgage and Chase Mortgage.
If you want to know specific mortgage rates offered by a certain company, please email us and we will reply back within few hours.
Mortgage Rates for March 15, 2008 (04/15/2008) will be updated shortly. Please bookmark our site and check back shortly.
Mortgage Rate for February 15, 2008
| Mortgage Loan Type | Today |
| 30 Year Fixed Mortgage | 5.76% |
| 15 Year Fixed Mortgage | 5.20% |
Average mortgage rates from Citibank Mortgage, Wells Fargo Mortgage, Bank of America Mortgage and Chase Mortgage.
If you want to know specific mortgage rates offered by a certain company, please email us and we will reply back within few hours.
Mortgage Rates for February 16, 2008 (02/16/2008) will be updated shortly. Please bookmark our site and check back shortly.