Average Rates of Auto Insurance [mortgageprotectiontips.blogspot.com]
Insuring your vehicle is essential. You should never drive around your vehicle without proper insurance. There are many consequences of this. Apart from the fact that you might get in trouble with the law, this is for your own safety. We cannot predict when accidents happen. Even if you are completely in control of your car you cannot control everyone on the road. Therefore you need a precautionary measure in case something happens to you and your vehicle. You might be cursing the amount that you are paying to your insurance company every month. However, paying such a small amount per month is better than paying a lump sum when something does happen to your vehicle.
With proper insurance you can be bold to take your vehicle out on the road knowing that you are covered. This will also help you take care of the periodic costs that you need to spend on your vehicle as long as it is covered by your insurance.
There are average auto insurance rate charts that are available in the market. These rates will help you to determine which policy you should go for. There are many clauses and terms for insurance.You should make sure that you have a thorough knowledge and understanding of these when you get into the auto insurance policy. These charts are very important because they keep you updated with the market rates. This is the same case even for your 2nd home mortgage rate charts. If you are planning to mortgage your second home because of your financial difficulties then you should make sure that you plan in advance and this is possible by consulting these charts. They will help you to make sure that you are getting the right amount of money by consulting these rates and equating them to what you are getting for your property.
Recommend Average Rates of Auto Insurance IssuesQuestion by Marky Mark: How much will the average mortgage rate drop by the end of September? I have already prepurchased a home and locked in at a 10/1 ARM for 6.125%. I have a one time chance to relock within 60 days of closing. I will be closing in about 30-45 days. Will the rate drop below this or did I lock in at a good time? I hear the Federal Reserve will be lowering rates before the end of Sept. but will they be below 6.125%? Best answer for How much will the average mortgage rate drop by the end of September?:
Answer by Gem
If your mortgage is tied to prime you may see a quarter of a percent drop (would go down to 5.875%). If the Federal Reserve reduces the prime rate. Prime is currently 5.75% Read the fine print of your mortgage, some ARM's are not tied to prime and can be raised or lowered anytime the bank feels like it.
Answer by CreditAlignment.com
1st mortgages are NOT TIED TO PRIME RATE or the fed funds rate. 2nd mortgages, student loans, credit cards are affected by the fed funds rate/prime rate. 1st mortgages are tied to the 10yr bond rates. If you see the bond rates go up..then the rates go up If the bonds go down...then the rates go down. If the market is doing good then nobody wants to buy bonds. If the market is doing bad then everyone buys the bonds. 9/11 had a huge market crash...everyone starting buying bonds...and the FED lower the fed funds rate. Not only were the 1st mortgage rates low....the 2nd mortgages went down so EVERYONE was buying homes. check on yahoo finance to see if the 10yr bonds go up or down..
Answer by michiganted
If I knew that answer I'd be chilling by the ocean right now. :) There does not appear to be much probability that rates will go down significantly lower in the near future, barring some calamity. I am surprised that a 10/1 ARM was the best program? That hasn't been the case with any of the lenders that I work with for a long time. Also, as long as you haven't been conned into paying an application or lock in fee - you have the absolute right to do your mortgage with whatever company you choose. You definitely should not be dictated to that you "have a one time chance to relock within 60 days of closing." It seems to me that you are the customer, and it is your needs that matter most.
