Thanks to several interest rate hikes by the Federal Reserve, current savings account interest rates are at their highest in a decade. That said, savings account interest rates vary widely from bank to bank, so when shopping for a savings account, it's important to make sure you're getting the best rate possible. Below is a breakdown of current savings account interest rates and where to find the best offers.Overview of today's savings ratesAccording to the FDIC, the national average savings account interest rate is 0.45%. While that may not seem like much, it's a steep increase in a short amount…
Author: Private Lending Agent
Key Takeaways Homebuyers should not expect market conditions to improve much in the second half of 2024, as mortgage rates are likely to remain high and supply is tight. Economists expect home prices to rise about 4% in the second half of the year and mortgage rates to remain around 6.5%. Although demand for housing is strong, high interest rates and weak economic conditions may limit new home construction. Those waiting for a housing market bailout are unlikely to see any significant improvement in the second half of 2024. With mortgage rates in the 7% range making it hard to…
Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. The latest Consumer Price Index (CPI) data showed inflation slowed more than expected in June, and mortgage rates are falling: The average rate on a 30-year mortgage fell below 6.5% for the first time in two weeks, according to Zillow data.The weaker-than-expected inflation report has raised the odds of the Federal Reserve cutting interest rates multiple…
Sumitomo Mitsui Trust Holdings Co., Ltd. reduced its holdings in the iShares Mortgage Real Estate ETF (BATS:REM – free report) by 3.7% during the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The fund sold 1,308 shares during the quarter and now holds 33,900 shares of the company. Sumitomo Mitsui Trust Holdings Co., Ltd. held about 0.13% of the iShares Mortgage Real Estate ETF worth $788,000 at the end of the most recent quarter. Other large investors have also recently added or reduced their stake in REM. Clarity Financial LLC increased its holdings in…
With monetary targets (finally) paving the way for lower interest rates, the real estate industry is cautiously optimistic about a year-end upswing. Join us July 30-August 1, 2024 at Inman Connect Las Vegas, where we'll cut through the noise and misinformation, answer all your key questions, and uncover new business opportunities. Every week in The Download, Inman's Christy Murdock breaks down the week's most-read stories to give you the information you need to take it head on come Monday. This week, the real estate industry is cautiously optimistic about a year-end upswing as financial targets pave the way for interest…
New York Mortgage Trust (NASDAQ:NYMTM – Get Free Report ) rose 0.1% in midday trading on Friday. The stock traded as high as $24.00 and closed at $23.91. 15,208 shares were traded during trading, up 19% from the session's average trading volume of 12,756 shares. The stock closed the previous day at $23.88. New York Mortgage Trust Price Trends The company's 50-day moving average price is $23.73 and its 200-day moving average price is $23.33. New York Mortgage Trust Dividend Announcement The company also recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 15. Investors…
New York Mortgage Trust Co. (NASDAQ:NYMTM – Get Free Report) shares rose 0.1% on Friday. The company's shares traded as high as $24.00 and last traded at $23.91. Approximately 15,208 shares were traded during trading, up 19% from the average daily trading volume of 12,756 shares. The stock last closed at $23.88. New York Mortgage Trust shares rose 0.1% The stock's 50 day moving average is $23.73 and its 200 day moving average is $23.33. New York Mortgage Trust announces dividend The company also recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 15th. Shareholders…
New York Mortgage Trust Co. (NASDAQ:NYMTN – Get Free Report ) shares rose 0.6% during trading on Friday. The company's shares traded as high as $21.50 and last traded at $21.50. Approximately 4,725 shares were traded during midday trading, down 42% from the average daily trading volume of 8,121 shares. The stock had previously closed at $21.37. New York Mortgage Trust Price Trends The stock's 50 day simple moving average is $21.39 and its 200 day simple moving average is $21.63. New York Mortgage Trust Dividend Announcement The company also recently declared a quarterly dividend, which is scheduled to be…
Cherry Hill Mortgage Investments, Inc. (NYSE:CHMI – FREE REPORT) – B. Riley research analysts lowered their estimates for Cherry Hill Mortgage Investments' third quarter 2025 earnings per share (EPS) in a report released on Wednesday, July 10th. B. Riley analyst M. Howlett now expects the real estate investment trust to post quarterly earnings of $0.23 per share, down from his previous estimate of $0.24. B. Riley rates the stock a “buy” and has a price target of $5.00. The current consensus estimate for Cherry Hill Mortgage Investments' full-year earnings is $0.63 per share. B. Riley also expects Cherry Hill Mortgage…
Banks continue to raise deposit rates to their highest levels in a year, with some offering rates of more than 6% per year. Since the beginning of July, NCB, Eximbank, SeABank, VIB, BaoViet Bank, Saigonbank, VietBank, MB, BVBank and KienLong Bank have all increased deposit rates. Currently, Ocean Bank offers the highest deposit interest rates, at 5.5% to 6.1% per annum for terms over 12 months. ABBank also offers an interest rate of around 6% per annum for 12-month deposits, while HDBank offers the same interest rate for 18-month deposits, NCB offers an interest rate of 6.1% per annum for…