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Best Texas CD Rates Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Best Texas CD Rates

With all of those financial institutions in the Lone Star State, it's no wonder that there are some way above-average CD rates to be found. The following banks offer 3-year CD rates well above the national average:

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Weekly Rate Deal - Navy Federal Credit Union Offering 3% APY 12-Month CD Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Weekly Rate Deal - Navy Federal Credit Union Offering 3% APY 12-Month CD

This week, the banking deal we want to highlight is a 3% APY 12-month Special EasyStart CD offered by Navy Federal Credit Union. To understand how good a deal this is, the average 1-year CD rate according to BestCashCow data is 0.61% APY while the very best 12 month bank (not credit union) CD rate in our database is 2.01% APY.

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Radical Approach to Foreclosures Gaining Support in Some Areas Image Image courtesy of cooldesign at FreeDigitalPhotos.net

Radical Approach to Foreclosures Gaining Support in Some Areas

Rising rates of foreclosures are causing some communities to take drastic yet cost-effective actions.

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Best Savings Account Rates - Don't Settle for Average Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Best Savings Account Rates - Don't Settle for Average

Average savings account rates continue to fall, with average online savings accounts yielding 0.85% APY and average local savings account rates at 0.23% APY. But there's no reason to settle for average savings rates.

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Florida to Expedite Foreclosure Process Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Florida to Expedite Foreclosure Process

There has been a trend for troubled homeowners to stop making payments and to wait in the home for banks to foreclose on their homes for months or years. But Florida is trying to shorten the foreclosure process and allow banks to remove defaulting homeowners from their homes much faster.

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Best New York CD Rates Image Image courtesy of renjith krishnan at FreeDigitalPhotos.net

Best New York CD Rates

The cost of living in New York varies greatly across the state. Ironically, some of the more affordable parts of the state also offer some of the best CD rates. We scanned the BestCashCow database to come up with the best rates state-wide as well as those within the confines of New York City. Here's what we've found, focusing on 1 year rates:

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Is a Strategic Mortgage Default Really So Strategic? Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Is a Strategic Mortgage Default Really So Strategic?

It was not too long ago when strategic defaults were a viable financial solution for troubled mortgage borrowers. But with banks aggressively pursuing strategic defaulters now, you may want to think twice before going through with this decision.

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Best California CD Rates Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Best California CD Rates

Average one year CD rates have sunk below 1% APY. But if you put a little time and effort into researching rates, it's possible to find rates in California significantly above that level. Spending a few minutes of your time might put hundreds of dollars into your pocket - with no additional risk.

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Farmers & Traders Bank Takes Weekly Spotlight for 3% APY 60-Month CD Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Farmers & Traders Bank Takes Weekly Spotlight for 3% APY 60-Month CD

Congratulations to Farmers and Traders Bank of Bancroft, IA for having the highest 60-month CD rate according to the BestCashCow rate tables. The bank offers a 5-year CD that pays 3.00% APY with a minimum balance of $5,000. Just a few short months ago, there were many banks paying 3% or over, but the list has whittled down to Farmers and Traders and a handful of credit unions scattered across the country.

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Unimaginably Low Mortgage Rates are Here! Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Unimaginably Low Mortgage Rates are Here!

Believe it or not, mortgage rates have fallen below 4 percent. But is there anybody out there who can qualify?

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The Difference Between Banks and Credit Unions Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

The Difference Between Banks and Credit Unions

On the surface, banks and credit unions look very similar. They both take customer deposits in the form of savings accounts, certificates of deposit, and checking accounts. They both also lend money in the form of mortgages, home equity loans, auto loans, and credit cards. They both have branches, electronic banking, and many of the services that facilitate the savings, transfer, and lending of money. But a deeper examination reveals profound differences that impact the rates that you receive as well as the customer service provided to you.

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Should You Finance Your Child's Mortgage? Image Image courtesy of nenetus at FreeDigitalPhotos.net

Should You Finance Your Child's Mortgage?

More parents are helping their children these days by financing their mortgage. But is this a good idea?

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Average 30 Year Fixed Rate Mortgage Drops Below 4% for First Time Image Image courtesy of hywards at FreeDigitalPhotos.net

Average 30 Year Fixed Rate Mortgage Drops Below 4% for First Time

The average thirty year fixed rate mortgage rate dropped below 4% for the first time on record according to Freddie Mac's Weekly Mortgage rate survey. Fifteen year rates and 5/1 ARMs also dropped to record lows as the chart below shows.

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Patriot Community Bank Offering Competitive CD Rates in Massachusetts Image Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Patriot Community Bank Offering Competitive CD Rates in Massachusetts

Massachusetts residents looking to take advantage of a competitive CD rate should look at Patriot Community Bank. It is currently offering some of the best CD rates in the state according to BestCashCow rate data. Its competitive rates include:

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Four Trends to Expect in the Housing Market this Season Image Image courtesy of renjith krishnan at FreeDigitalPhotos.net

Four Trends to Expect in the Housing Market this Season

The mortgage industry can be very unpredictable at times, but it can also be predictable. Here are some predictions from mortgage analysts for the next few months.

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