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Mortgage Rate

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Mortgages - Beware the Headline Interest Rate

by ODFR Team Mortgage interest rates. Nothing but mortgage interest rates. These phrases have almost hypnotised us for two years come Summer 2009. We’ve heard them so often and seen interest rates come down so far, we automatically think a mortgage product with a lower rate of interest is better than any other with a higher rate. For the most part, this is true - mortgage interest rates are “WYSIWYG” i.e. “What You See Is What You Get”). But not always. For example, in recent months we hav

Mutual Funds, Guaranteed Investment Certificate or Savings Account?

Amy Nutt If you are lucky enough to have a bit of disposable income, you are doing the right thing by researching ways of saving or investing your money. By reading about the different options available to you, you’ll be able to make an informed decision and make the best possible choice for you and your money. How you decide to save and/or invest your money will depend on many variables. Some of these include how much money you’ve got to work with, how much time you’ve got to work with and y

Bankrate: Fixed Mortgage Rates in Holding Pattern (PR Newswire via Yahoo! Finance)

Mortgage rates were little changed this week, with the average 30-year fixed mortgage rate remaining at 5.23 percent. According to Bankrate.com’s weekly national survey, the average 30-year fixed mortgage has an average of 0.41 discount and origination points.

Mortgage Rate Trend Index (Bankrate.com)

Will rates rise or remain relatively unchanged? Experts and Bankrate analysts provide their insights.