Mortgage Rate

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Dictionary Says

Definition of 'Mortgage Rate'

The rate of interest charged on a mortgage. Mortgage rates are determined by the lender in most cases, and can be either fixed (stay the same for the term of the mortgage) or variable (fluctuate with a benchmark interest rate). Mortgage rates rise and fall with interest rates and can drastically affect the homebuyers' market.
Investopedia Says

Investopedia explains 'Mortgage Rate'

The borrower's credit score can often play a role in the rate charged on a mortgage and the size of mortgage loan they are able to obtain. The rate charged ultimately determines the cost of the mortgage and the amount of the monthly payment. Therefore, borrowers should always seek the lowest rate possible.
Search results for

'Mortgage Rate'

  • Got A Good Mortgage Rate? Lock It Up!

    http://www.investopedia.com/articles/pf/08/lock-mortgage-rate.asp
    Got A Good Mortgage Rate? ... Rate locks are important because interest rates change
    frequently and the mortgage application process can be time consuming. ...

  • 7 Low-Rate Mortgage Shams - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0709/7-Ways-To-Avoid-Low-Rate-Mortgage-Shams.aspx
    ... 7 Low-Rate Mortgage Shams. Posted ... difference. In this case, the 6.2% mortgage
    rate would save you $39.20 a month and $14,112 over 30 years. ...

  • Rate Freeze To Cool Mortgage Meltdown

    http://www.investopedia.com/articles/07/rate-freeze.asp
    ... service companies, Citigroup, Countrywide Financial, Washington Mutual and Wells
    Fargo (or the Hope Alliance) to create a "Mortgage Rate Freeze" program to ...

  • How Interest Rates Affect The Housing Market

    http://www.investopedia.com/articles/pf/07/mortgage_rate.asp
    ... course of interest rates can help consumers make financially sound mortgage decisions,
    such as making the choice between a fixed-rate mortgage or adjustable ...

  • How Your Credit Score Will Affect Your Mortgage Rate ...

    http://financialedge.investopedia.com/financial-edge/0212/How-Your-Credit-Score-Will-Affect-Your-Mortgage-Rate.aspx
    ... How Your Credit Score Will Affect Your Mortgage Rate. ... The lower your score, the lower
    your chance of getting a mortgage and the higher your rate will be. ...

  • The Lazy Way To Get The Best Mortgage Rate - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0910/The-Lazy-Way-To-Get-The-Best-Mortgage-Rate.aspx
    ... The Lazy Way To Get The Best Mortgage Rate. Posted: September ... costs. Comparing
    the mortgage interest rate is only the beginning. Borrowers ...

  • Mortgage Basics: Fixed-Rate Mortgages | Investopedia

    http://www.investopedia.com/university/mortgage/mortgage1.asp
    Mortgage Basics: Fixed-Rate Mortgages. ... (For more insight, see How Will Your Mortgage
    Rate?) Pros Fixed-rate mortgages remain popular for a variety of reasons ...

  • Adjustable-Rate Mortgage Indexes: Know Your Benchmark

    http://www.investopedia.com/articles/mortgages-real-estate/10/mortgage-indexes-know-benchmark.asp
    ... over a 12-month period, a massive spike in rate of the one-year Treasury bill in
    a given month would only be factored into a borrower's mortgage rate on a 1/12 ...

  • Fixed Or Variable-Rate Mortgage: Which Is Better Now? ...

    http://financialedge.investopedia.com/financial-edge/0411/Fixed-Or-Variable-Rate-Mortgage-Which-Is-Better-Now.aspx
    ... Fixed Or Variable-Rate Mortgage: Which Is Better Now? ... If you have a choice between
    a fixed-rate mortgage and an ARM, how do you decide? Consider these factors. ...

  • Mortgage Basics: Variable-Rate Mortgages | Investopedia

    http://www.investopedia.com/university/mortgage/mortgage2.asp
    ... By Lisa Smith A variable-rate mortgage, also commonly ... An increase in interest rates
    will cause the monthly payment on a variable-rate mortgage to move higher. ...

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$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
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30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
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