What is bank rate and repo rate

Jumbo Mortgage Deal: 3.75%, No Points

Posted in Mortgage Rates by Mitch Strohm

August 26, 2015 09:43 AM - 0 Comments

Gateway Bank Mortgage is offering one of summer’s best deals on 30-year, fixed-rate jumbo mortgages to borrowers in nine states.

It’s charging just 3.75% for a purchase or refinancing with no points, no lender fees and a 50-day rate lock.

That interest rate is nearly a quarter of a percentage point less than the national average of 30-year jumbos — 3.97%, according to our latest survey of major lenders.

You’ll find this deal available in Delaware, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Texas and Virginia.

Not available where you live?

This deal still serves as a great blueprint to follow. Find a deal like this and you’ll know you’ve found a winner.

You can get started by searching Bankrate’s database for the best mortgage rates from scores of other lenders in your area. Click here to read more

(16 votes, average: 4.44 out of 5)


Salem Five Leaps To Share 4-Year CD Lead


in CD Rates by Sabrina Karl

August 25, 2015 11:36 AM - 0 Comments

Ever since E-Loan substantially raised the top nationally available yield across every major CD term from 1 to 5 years at the end of last month, developments on our CD Rates Leaderboard have been sparse.

Today Salem Five Bank finally delivers some Leaderboard news, unveiling a new 48-month CD that pays the same 2.00% APY as E-Loan’s top-billed certificate.

Requiring the same $10,000 minimum investment as E-Loan, Salem Five’s co-leading CD can be opened online or in person at one of the bank’s 29 Massachusetts branches.

Note that in addition to Salem Five’s standard SalemFive.com site, it also operates SalemFiveDirect.com . which offers a separate menu of CDs that are only available online, not at any branch, but are not currently as competitive.

Ranking the best nationally available 4-year certificates of deposit is a new Bankaholic feature we started this month . broadening our coverage to seven CD terms from 3 months to 5 years. Click here to read more

(1 votes, average: 5.00 out of 5)


Source: www.bankaholic.com

Category: Bank

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