Thursday, October 13, 2005

Inflation Worries Trigger Rise In Rates

Worries about inflation and rising interest rates continued to plague bond traders on Wednesday. Fed concerns regarding inflation spurred aggressive selling of government debt and reinforced the need for further rate hikes. These factors forced lenders to edge rates up on many products.

Tip of the Day: Whether you are dealing with a lender or a broker may not always be clear. Some financial institutions operate as both lenders and brokers. And most brokers’ advertisements do not use...

Home equity loans are at attractive levels.
Your home's value has grown enormously in recent years, so you're sitting on a lot of equity. If you're looking to start a business, grow a business or invest in your education you may be sitting on a goal mine. Find out how much you can borrow and what to do with it.

Current Mortgage Rates

$30K HELOC 5.88%
$50K HELOC 5.40%
$30K home equity loan 7.37%
$50K home equity loan 7.16%
$75K home equity loan 7.04%

Get free rate quotes for home equity loans at http://www.bcpl.net/~ibcnet


30 Year Fixed 5.65% 0.59 5.76% 0.000%
15 Year Fixed 5.27% 0.53 5.48% 0.000%

30 Year Fixed Jumbo 5.87% 0.52 5.95% -0.010%
15 Year Fixed Jumbo 5.46% 0.54 5.64% -0.020%

5 Year Balloon 5.60% 0.67 6.19% 0.020%
7 Year Balloon 5.62% 0.58 6.12% 0.080%

1/1 ARM 4.29% 0.67 6.43% 0.020%
3/1 ARM 5.07% 0.50 6.10% -0.030%
5/1 ARM 5.19% 0.54 5.94% -0.030%

1/1 Jumbo ARM 4.76% 0.76 6.35% 0.000%
3/1 Jumbo ARM 5.22% 0.56 6.08% -0.020%
5/1 Jumbo ARM 5.39% 0.56 6.02% -0.030%

FHA 30 Year Fixed 5.60% 0.20 5.67% -0.040%
FHA 1 Yr ARM 4.84% 0.51 6.54% 0.120%
VA 30 Year Fixed 5.64% 0.43 5.73% -0.030%


What's the word? "Broker." When getting a loan be sure to ask whether a broker is involved. Brokers are usually paid a fee for their services that may be separate from and in addition to the lender’s origination or other fees. For more helpful tips and access to low rate financing go to http://www.bcpl.net/~ibcnet

Conventional loans: Conventional loans are mortgage loans other than those insured or guaranteed by a government agency such as the FHA (Federal Housing Administration), the VA (Veterans Administration), or the Rural Development Services (formerly know as Farmers Home Administration, or FmHA).