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  • mortgage rate news FAQ


    What you must do is carefully read your loan agreement. It probably states that your interest rate will adjust at regular intervals. That means that on each specific date, your rate will change based on the index plus your margin, likely rounded-up


    caveat emptor


    It is not true.

    Mortgage interest rates are determined on the open market and not fixed by any agency.

    The Fed lowered the funds rate by .5%. That is an interest charged by one bank to another and has some effect on other


    It is not true.

    Mortgage interest rates are determined on the open market and not fixed by any agency.

    The Fed lowered the funds rate by .5%. That is an interest charged by one bank to another and has some effect on other


    If your house appraises for $300K you can refinance with a new mortgage at a much lower rate.. assuming you have good credit.

    mortgage rate news news

    Irish mortgage rates lower than euro area average

    18.05.12

    The Central Bank says the weighted average interest rate on all outstanding Irish mortgages is 2.98%, lower than the comparable euro area average rate of 3.85%.

    The Irish rate is down 44 basis points from last September, compared to a fall of just six6 basis points for the whole Euro area.


    Source: RTE.ie

    ANZ says most of interest margin fall recovered

    18.05.12

    EDMOND ROY: Sticking to its second Friday of the month mortgage rates announcement, ANZ has been the last of the major banks to announce its new mortgage lending rates in response to the Reserve Bank's cut last week.

    ANZ will be passing on 37 basis points of the Reserve's 50
    Source: ABC Online

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