The latest report for the third quarter of this year has the seasonal adjustment figures reporting a drop in delinquencies to 7.99%. What makes this number so suspect is the word seasonally adjusted and the fact that foreclosures in this same quarter rose to 1.08%. In this same time period 4.43% of all mortgages across the nation are in some stage of foreclosure.

For those investing their money in real Estate, this means that a so called seasonal adjustment is made to the figures to hide the real numbers. This is just another great use of fuzzy math by the financial sector of business to manipulate the numbers so they appear better than they really are.

For those of you using online banks, access to the international market might be your best bet. Cuba is now allowing people to purchase land and homes on their island supposable. This is what is being advertised. Unfortunately the law on owning property in Cuba has not changed, just what is being said about it.

What is new in the Cuban housing sector is people can now sell the rights to their homes or exchange them with another party. The catch is that no profit can be obtained from the transaction. This is mainly because most Cubans cannot obtain the current bank rates, because they do not qualify for a loan.

These are some of the things you can became aware of when you are attempting to use  Online Banking services to acquire that new home. Never believe the hype and investigate thoroughly before placing deposit done on any property.

For additional resources involving financial help, please view New in Online Banks November 2011 on this website.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.  Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

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At the present time the refinance rates of homes include the 30 year fixed rate of 5.125% interest and an APR of 5.214%. The 15 year fixed rate is at 4.250% interest and an APR of 4.399%. The 7/1 ARM is at 4.250% interest and an APR of 3.691%. The 5/1 ARM is at an interest rate of 3.625% and an APR of 3.323%.

For their CD’s there are two sets of rates. One is for the standard CD, the other is for the special offers.

The special offer CD rates include the 9 month CD that is earning an APY of 0.50%. The 13 month CD is earning an APY of 0.70%. The 2 year CD is earning an APY of 0.85%. The 30 month CD is earning an APY of 1.01%. The 4 year CD is earning an APY of 1.25%. The 60 month CD is earning an APY of 2.00%. Each of these CDs requires a minimum deposit of $10,000.

The standard CD rates include the 6 month and 1 year CD that are earning an APY of 0.25%. The 18 month and 2 year CDs are earning an APY of 0.50% and the 30 month CD is earning an APY of 1.01%. Each of these CDs requires a minimum deposit of $1,000.

There are three different savings accounts at Chase Bank. The standard accounts, the relationship accounts and the money market accounts.

The standard saving accounts are in a tiered format. With a minimum deposit of $0 the APY is 0.05%. For $10,000 the APY is 0.10%. For $25,000 the APY is 0.15%. For $50,000 the APY is 0.20%.

The relationship saving accounts with a minimum deposit of $0 the APY is 0.10%. For $10,000 the APY is 0.25%. For $25,000 the APY is 0.35% and for a minimum of $50,000 the APY of 0.40%.

The money market account is earning 0.01% on the standard accounts and 0.02% on the relationship accounts.

All of these Chase rates were posted on February 4, 2011 but are subject to change without notice.

For additional resources involving financial help, please view Best Bank Offers 2011 on this website.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.  Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

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Let’s look at what some of the mortgage rates at credit unions nationally are doing right now.

30 Year Fixed Rate Mortgage
These rates are the current offers and represent the best offers these unions are giving. They are for illustration, of course, since offers may change by geography, your situation, or the home you’re buying.

Pentagon Federal Credit Union has a 4.875% interest (4.982% APR) rate right now with 1.0 origin points and a 60 day lock in period.

Navy Federal Credit Union has a 5.0% interest (5.332% APR) offer with a 60 day lock in available.

Both Teachers and Texans Credit Unions have a 5.125% interest offer with 1 origin point and a 30 day lock in. Those are good credit union rates.

Several other credit unions such as Lockheed Federal, Eastern Financial Florida, Digital Federal, American Airlines Federal, and DFCU Financial all have a 5.25% interest offer with lock in rates of 45-60 days, depending on the union. Those are good credit union mortgage rates offers.

All of the banks we’ve listed are insured by the FCUA and NCUA. These rates could change, but right now, mortgage rates at credit unions are doing very well in a very buyers-oriented market.

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Home owners who make certain home improvements designed to increase the energy efficiency of their homes will be able to take up to a $500 tax credit for these home improvements.  While $500 is not huge, I am sure that every homeowner could use to increase their home’s energy efficiency.

Some ideas that I had on what type of home improvements you could do include, replacing windows, doors or appliances.  I know that my wife and I want to replace our front door.  This might be a perfect way to qualify for this tax credit.  Here is a summary of tax credits available for homeowners.

What type of home improvements would you like to do in 2009?  Will you take advantage of these 2009 energy efficiency tax credits?

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Over the last 10 years, house prices have skyrocketed.  If the real estate mortgage companies now require a 20 percent down payment to buy a house, many families just starting out will have a lot of trouble buying their first house.  Additionally, families who purchased houses in the last 10 years with less than 20% down, still won’t have 20% down to buy their next home.

Inadequate home equity might be a problem for real estate mortgage companies, but it is not what caused this housing problem.  The problem was caused by home owners buying houses that were too expensive.  To fix this problem you could require 20% home down payments, but I think that it is more prudent to make sure that homeowners can afford their home mortgage payments.  That means giving out less credit, not requiring more equity.

I agree with JLP that we need to encourage people to save more money, but I don’t think that doing it through home real estate is the best way to help people save money.  Owning a house that a family can afford is one of the best ways to get people to start saving money.

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