A very informative post pointing out some of the reasons why the APR of a home loan differs from the interest rate. I also loved this “rule of thumb” about discount points.
Paying discount points to achieve a lower rate when taking a short-term ARM is always a money-losing proposition. Because this is a short-term 2-year […]

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days. For the week of August 30th through September 7th…

14% think rates are going down
43% think rates are going up
43% think rates will remain unchanged

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Here’s the latest numbers on interest rates for five common consumer products for the week of August 27th - September 2nd. This national survey was performed by Bankrate.com on Wednesday, August 29th.

Mortgages - 6.49% (30 Year Fixed)
Home Equity Lines - 7.92%
Auto Loans - 7.94% (48 Month - New Car)
CD - 3.85% (One Year Yield)
Credit Card […]

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days. For the week of July 13th-July 19th…

29% think rates are going down
29% think rates are going up
42% think rates will remain unchanged

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Here’s the latest numbers on interest rates for five common consumer products for the week of July 2nd - July 8th. This national survey was performed by Bankrate.com on Wednesday, July 5th.

Mortgages - 6.91% (30 Year Fixed)
Home Equity Lines - 8.2%
Auto Loans - 7.93% (48 Month - New Car)
CD - 3.81% (One Year Yield)
Credit Card […]

Here’s the latest numbers on interest rates for five common consumer products for the week of June 26th - July 1st. This national survey was performed by Bankrate.com on Wednesday, June 28th.

Mortgages - 6.93% (30 Year Fixed)
Home Equity Lines - 8.01%
Auto Loans - 7.88% (48 Month - New Car)
CD - 3.81% (One Year Yield)
Credit Card […]

Here’s the latest numbers on interest rates for five common consumer products for the week of June 19th - June 25th. This national survey was performed by Bankrate.com on Wednesday, June 21st.

Mortgages - 6.83% (30 Year Fixed)
Home Equity Lines - 8.09%
Auto Loans - 8.13% (48 Month - New Car)
CD - 3.73% (One Year Yield)
Credit Card […]

In Bankrate.com’s weekly survey, mortgage experts try and gauge which direction mortgage rates will head in the next 30-45 days. For the week of June 22nd - June 28th…

29% think rates are going down
42% think rates are going up
21% think rates will remain unchanged

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Here’s the latest numbers on interest rates for five common consumer products for the week of May 21st - May 27th. This national survey was performed by Bankrate.com on Wednesday, May 24th.

Mortgages - 6.69% (30 Year Fixed)
Home Equity Lines - 8.01%
Auto Loans - 8.09% (48 Month - New Car)
CD - 3.7% (One Year Yield)
Credit Card […]

I just came across an article with some brief explanations and tips regarding financing your home. In the blog post, briefly answered are the questions:

What’s a discount point?
What is the difference between APR and Rate?
What’s the difference between an adjustable rate, fixed rate, and interest only mortgage?

There are also links to other websites that can […]