Category Archives: Finance News

Mortgage Rates Holding Steady

June 22, 2011   Alexander Stewart   No comments

Mortgage rates remained largely unchanged again this week, amid another round of discouraging reports on the housing market and the economy in general.

Average interest rates on 30-year fixed-rate mortgages were unchanged from last week, according to the weekly Freddie Mac rate survey, remaining at 4.50 percent. Average rates on 15-year fixed-rate loans ticked up slightly to 3.69 percent, up from 3.67 percent last week, while initial rates on 5-year Treasury indexed adjustable rate mortgages fell by the same amount, to 3.25 percent, down from 3.27 percent last week.   “Mortgage rates were virtually unchanged this week amid further indications of a soft housing market,” said Frank Nothaft, Freddie Mac chief economist. “Alt Read the full post

  Tags: Mortgage Rates, Rates

Credit Unions a Different Option for Banking

June 17, 2011   Alexander Stewart   No comments

Savings Accounts and Money Market Rates provided by 15 June 2011 For many younger Americans, the choice of banks is often a matter of convenience. A college campus might be flooded with ATMs from Bank of America, so the choice is relatively simple. As people start to look at their banking options, The Wall Street Journal points out that smaller credit unions actually offer benefits above and beyond many of the largest national banks.

Credit unions are essentially non-profit banks comprised of its own customers. Many are restricted to certain groups, such as the United Nations Federal Credit Union, which is limited primarily to U.N. employees. Read the full post

Make an expedition in style while holidaying in Luxury Colombia Apartments

June 12, 2011   Alexander Stewart   No comments

With a heavy annual rainfall the Pacific Coast of Colombia is among the most humid places on earth. In the north, the location where the ocean gives shape to bays and coves, the Pacific rainforest exhibits a piece of real estate with an enormous biodiversity. Contrasted this with the south. You will find it a luxury that the south is covered by copious rivers, is generally flatter, with the exception of its cliffs.

Of course to go to these areas you will want to take into consideration places to start your vacation. You will probably find some luxury apartments or real estate for rent in the cities of Cartagena, Medellin, Bogota, and Cali.

Another point of interest to be known are the islands of Gorgona and Gorgonilla, which are national natural parks just off the coast of Colombia.

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  Tags: Colombia, Colombia Apartments

Mortgage Relief for Tornado Victims

May 31, 2011   Alexander Stewart   No comments

Homeowners who suffered property damage during the recent tornado outbreaks around Joplin, Missouri and elsewhere in the Midwest may qualify for suspended mortgage payments or other mortgage relief.

Mega-lender Freddie Mac announced today that it is authorizing its mortgage servicers to make available the full range of its disaster relief policies available to borrowers whose homes were destroyed or damaged during the storms. To qualify, borrowers must have a mortgage backed by Freddie Mac and live in counties declared by President Obama to be federal disaster areas. Read the full post

  Tags: Mortgage Relief, Tornado

Currency Trading Signals On-line Segment Prognosis

May 29, 2011   Alexander Stewart   No comments

Any component of fearfulness as well as doubt has been removed from the fx market systems for the time being, with foreign currencies obtaining a reprieve from the US Dollar and signals efforts to mount more considerable corrective efforts.

Forex trading gains increased in early Thursday trade, with the Euro contemplating a push back above 1.4200. The bulls have been acquiring some relative strength on the day with information out of China that the country might devote several billion dollars in the New Zealand economy and hundreds of billions in the Australian economy, assisting to crank out further signals to buy.

A forex trader report also states that that China possesses interest in European bail-out bonds and this is additionally causing the risk positive atmosphere.

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  Tags: Signals, Signals Online

Slow Growth Expected in Home Sales

May 22, 2011   Alexander Stewart   No comments

A sharp slowdown in economic growth in the first quarter of the year is expected to be only temporary, as markets shake off the effects of one-time events like the Japanese tsunami and oil prices stabilize.

The long-term outlook for economic growth calls for continued sustainable growth above 3 percent a year over the next few years, according to the May Economic Outlook released today by Fannie Mae. However, sustained growth in the residential housing market remains elusive, despite good affordability conditions created by low prices and interest rates.   Overall economic growth dropped to an annual rate of 1.8 percent in the first quarter of the year, down from 3.1 percent previously. Read the full post

  Tags: Expected, Expected Home
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