Quicken Loans Gives Mortgage Payment Away to Lucky Fan at Cleveland Cavaliers Fan Appreciation Night

Detroit, MI (Vocus/PRWEB) April 13, 2011

Quicken Loans Inc., will give away a $ 1,000 mortgage payment to one lucky fan who wins the 30-second free-throw shooting contest on Wednesday, April 13, 2011 at the Quicken Loans Arena in Cleveland. The prize is part of Fan Appreciation Night, hosted by the NBA?s Cleveland Cavaliers to mark the last home game of the 2010-11 season and thank fans for their continued support of the organization.

Two fans will compete in the shootout, and the fan with the most baskets will win the mortgage payment. In addition, mini Fathead wall graphics will be given to the winner?s entire section.

Upon arriving to the game, each fan will receive an earth-friendly tote bag courtesy of Quicken Loans, Quizzle and FlashSeats, filled with gift cards, coupons and discounts for local businesses. Prize Patrols will distribute an assortment of giveaways including, Cavs memorabilia, thousands of local retailer gift cards, t-shirts and tickets to a variety of events and attractions.

The Cavaliers will also give away a 2011 Kia Soul, a trip to New Orleans courtesy of the Cleveland Horseshoe Casino and more, totaling $ 1 million in prizes during the matchup against the Washington Wizards.

In keeping with Fan Appreciation Night tradition, 30 fans will be chosen at random to meet at center court immediately following the game, where Cavs players will literally give the jerseys off their backs and the shoes off their feet! Fifteen fans will receive game-worn jerseys and 15 fans will receive game-worn shoes.

Fans unable to attend Wednesday?s game will have the chance to win prizes when they sign up as a subscriber to Cavaliers Insider, the team?s official, free email newsletter, at cavs.com.

About Quicken Loans Inc:

Quicken Loans Inc. is the nation?s largest online retail mortgage lender and among the five largest overall retail home lenders in the United States. The company closed a record $ 29 billion in retail home loan volume across all 50 states in 2010, and recently closed its 1 millionth loan. Quicken Loans employs approximately 3,700 team members and generates loan production from five web centers located in Michigan, Ohio and Arizona. The company also operates a centralized loan processing facility in Michigan as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction among all home mortgage lenders in the United States by J.D. Power and Associates for 2010. ?QuickenLoans.com? has been named ?Best of the Web? by Forbes and Money magazines. The company also has been named to FORTUNE magazine?s list of the country?s ?100 Best Companies To Work For? eight consecutive years, ranking as high as #2, and named in the Top-15 of Computerworld magazine?s ?100 Best Places to Work In Technology? for six years in a row. Quicken Loans ranked #1 in the Detroit Free Press? ?Top Workplaces of 2010? List. The company recently moved its headquarters and 1,700 of its 3,700 full-time team members to downtown Detroit. For more information about Quicken Loans, please visit http://www.quickenloans.com.

About Rock Holdings Inc:

Rock Holdings Inc. is the parent company for several financial services-related businesses and employs over 4,000 team members. These client-focused and technologically driven companies include Quicken Loans, the nation?s largest online home lender and One Reverse Mortgage unit, the fastest growing reverse mortgage lender in America; Title Source, a nationwide leader of title insurance and settlement services; Quicken Loans Mortgage Services (QLMS), a mortgage origination platform servicing community banks and credit unions across the country; In-House Realty, the preferred real estate partner of Quicken Loans that matches clients with trusted real estate agents in all 50 states; and, Quizzle.com, the online innovator and website where consumers manage their home, money and credit. Rock Holdings, Inc. also recently moved its headquarters to downtown Detroit.

About the Cleveland Cavaliers:

On March 1, 2005, the NBA approved the purchase of the Cleveland Cavaliers by an investor group led by Dan Gilbert, the chairman and founder of Quicken Loans, Inc., the nation?s largest online home mortgage lender. With the new ownership, came a new era to the Cavaliers/Quicken Loans Arena organization and the #1 goal of delivering an NBA Championship to the city of Cleveland. Gilbert put all of the pieces in place and all the wheels in motion to create an environment that focuses on excellence at all levels and instills a true ?championship culture.? This is what drives the Cavaliers organization to stand out from others, and today the Cleveland Cavaliers are considered one of the most successful franchises in the NBA, and Quicken Loans Arena one of the most exciting venues in the country. The Cavaliers became the only team to be named in the top five for two consecutive years in 2009 and 2010 for the Sports Business Journal?s prestigious Pro Sports Team of the Year award category. The annual award recognizes innovation and excellence in business operations among all NBA, NFL, NHL, MLB and MLS franchises.

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Homes.org Releases Mortgage Rates Update - What the Fed Announcement Means for Mortgage Rates

Austin, TX (PRWEB) January 26, 2012

The Homes.org weekly mortgage rate report found that mortgage interest rates have inched upward since last week, however the Fed is aiming at keeping it from rising too much. As we predicted last week the Fed is determined to keep interest rates in check in an effort to keep real estate and the overall U.S. economy on its path to recovery.

Current interest rates are:

???????? 4.25% - average rate for a 30-year fixed rate mortgage

???????? 3.45% - average rate for a 15-year fixed rate mortgage

Here's what Homes.org is reporting as the need to know info about the Fed's unprecedented announcement yesterday and the effects it's already having.

????The Fed stated it wouldn't increase the benchmark interest rate until late 2014.
????The key rate has been kept at a record low near 0% for the last three years.
????The Fed is making the decision based on the slow economic recovery and signs that inflation will remain low.
????The timeline of late 2014 is a 'best guess' not a hard timeframe, depending on how the economy fares over the next few years.
????The Fed believes the economy will grow by 2.2-2.7%, that unemployment will drop to 8.2% and inflation will be at only 2% this year.
????The Fed also said that they are holding off on further bond buying, but that depending on the economy they may resume doing so in the future.
????The Fed actions were approved by members 9-1.
????After the announcement Treasury yields fell which indicates that mortgage rates will hold or decrease.
????Stocks saw positive gains after the announcement, recovering losses that were experienced earlier in the day.

Homes.org is forecasting that there will be a tug of war over interest rates in the weeks and month to come. As the U.S. economy improves and people gain confidence in it, it's typical for interest rates to rise. However, the Fed is taking steps to try and counteract that from happening, no doubt because they know the lure of low interest rates will be a big factor in getting more buyers into real estate markets across the country.

To find more information on mortgage rates, new home listings and the home buying guide for today's buyer, please visit: Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures?

Star Nine Ventures? is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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