In the article “The Cost of Bank Failures Keeps Rising” from Wall Street Journal it explains how this year the FDIC is readjusting bank failure costs. Overall, bank failures have been declining, however, the FDIC deposit is increasing. The FDIC missed projections for 2010 and plans for 2011 are being adjusted accordingly. In the article it mentions, “The FDIC’s biggest misses came on three Puerto Rico bank failures. The FDIC increased the cost of those failures by $1.61 billion. The FDIC lowered the projected cost of First regional Bank by $280.3 million, the most any estimate was lowered. In percentage terms, Los Padres Bank failure saw the greatest increase in the FDIC estimate, jumping nearly 1,300%.”
To read more visit Wall Street Journal.
As far as interest rates are concerned they are declining, but it is predicted to be only short term. Currently, the purchase of U.S. Treasuries is on the rise. This in turned has led the 30 year fixed and 15 year fixed mortgage rates to fall.
With more information on interest rates along with home values and prices visit BiggerPockets.