The housing market is, like stocks, oil, and bonds based on the predictions of the future market. Because of this there is typically a vast amount of minute changes will grander changes occur slowly over time. Eventually an emerging trend breaks which usually reflects the future of the market. Currently, the trend has been leaning […]
Know more about Annual Percentage Rates (APR)
If you have in the past applied for any instant loan or have currently taken one, you are likely to have heard about Annual Percentage Rates (APR). Simply put, it is the interest that your lender charges over the principal amount you had borrowed. It is probably the single important component of your loan that […]
Average Mortgage Rates Around the World
After the mortgage crisis of 2006, in which the United States of America experienced a boom and then a devastating bust that spread across most of the globe, it seemed like it would never bounce back. Then, when the financial meltdown occurred in 2008, it seemed like mortgage rates would be stagnant for even longer, […]
5 Items Lenders Consider When Offering Mortgage Rate
According to Mortgage News Daily, a provider of housing news and analysis, as of September 6th, 2012, the rate for a 30 year mortgage could be as low as 3.65 percent depending on your credit and other considerations. So, how do you qualify for the lowest rates? Here are five things that lenders consider before […]
What Is Interest and How Does it Work?
If you have ever entered into any type of finance, be that a loan, credit card, mortgage, store card or anything else, you will have come face to face with the complicated world of interest rates. There are interest rates, APRs, yearly percentages and all sorts of other complicated things. So how does it all […]