Wednesday, September 29, 2010
TODAY IN HISTORY
Tuesday, September 28, 2010
CBC News - Money - U.S. house prices rise in July
Home prices in the United States rose in July for the fourth straight month, but many cities are bracing for declines in the year ahead.
Home prices in the United States rose in July for the fourth straight month, but many cities are bracing for declines in the year ahead. (Reuters/Jeff Haynes)
The Standard & Poor's/Case-Shiller 20-city home price index increased 0.6 per cent in July from June and 3.2 per cent from a year ago. Twelve cities showed monthly price gains. Cleveland's prices were flat.
However, seven cities showed month-over-month declines and the gains in many cities were weaker than the previous month's.
The boost from government tax credits for homebuyers is fading. A record number of foreclosures, job concerns and weak demand from buyers suggest price declines are coming in the months ahead.
Nationally, prices have risen almost seven percent from their April 2009 bottom. But they remain nearly 28 percent below their July 2006 peak.
Home prices up, but growth rate slows - Sep. 28, 2010
Today's featured rates:
- 30 yr fixed mtg, 0 points, Los Angeles, CA, APR 4.250%
- 30 yr fixed mtg, 0 points, Los Angeles, CA, APR 4.250%
- 30 yr fixed, 0 points refi, Elizabeth, NJ, APR 4.250%
- 30 yr fixed, 0 points refi, Elizabeth, NJ, APR 4.250%
- 15 yr fixed mtg, 0 points, Orlando, FL, APR 3.625%
- 15 yr fixed mtg, 0 points, Orlando, FL, APR 3.625%
- 5/1 ARM, 0 points, Houston, TX, APR 2.750%
- 5/1 ARM, 0 points, Houston, TX, APR 3.000%
- 30 yr jumbo, 0 points, Cleveland, OH, APR 5.250%
- MMA , Los Angeles, CA, APY 1.26%
- MMA , Los Angeles, CA, APY 1.25%
- $10K MMA , Tampa, FL, APY 1.26%
- $10K MMA , Tampa, FL, APY 1.25%
- 6 month CD, Metro, NY, APY 1.10%
- 6 month CD, Metro, NY, APY 0.50%
- 1 yr CD, Houston, TX, APY 1.39%
- 1 yr CD, Houston, TX, APY 1.01%
- 5 yr CD, Los Angeles, CA, APY 2.69%
- 5 yr CD, Los Angeles, CA, APY 2.50%
- CA, $30K home equity loan, APR 8.14%
- CA, $30K home equity loan, APR 8.25%
- TX, $50K home equity loan , APR 8.25%
- PA, $75K home equity loan , APR 4.99%
- PA, $75K home equity loan , APR 6.79%
- NY, $30K HELOC , APR 3.74%
- NY, $30K HELOC , APR 5.24%
- FL, $50K HELOC, APR 5.49%
- CitiBank, APR 11.99% - 19.99%* (Variable)
- CitiBank, APR 11.99% - 19.99%* (Variable)
- Chase, APR 12.24% Variable*
- Chase, APR 12.99%-22.99% Variable*
- Chase, APR 11.24%,14.24%,17.24% Variable
- CitiBank, APR 12.99% - 20.99%* (Variable)
- Capital One, APR 19.8%(V)
- Chase, APR 12.24% Variable*
- MetaBank, APR *
- CitiBank, APR 11.99% - 19.99%* (Variable)
*Rates subject to change
Home prices in the United States rose in July for the fourth straight month, but many cities are bracing for declines in the year ahead. (Reuters/Jeff Haynes)