Interest Only Mortgage Interest Rates House Market Interest Rate Interest rates are going up again in 2018. Since interest rates on consumer products, such as personal loans and credit cards, are informed by the federal funds rate, borrowers will be out more money next year. For that reason, it’s key to pay down debt in this rising rate environment. mortgages will hopefully have a more tranquil year.Well, for a thirty-year mortgage, it effectively takes the annual interest rate and multiplies it by 0.69. In other words, if you’re getting an interest rate of 5%, you’re actually paying only an.Lowest Morgage Interest Rates National Home Mortgage Rate 20 Yr refinance rates weekly mortgage applications jump 5.3% as lower rates seem here to stay – . rate for 30-year fixed-rate mortgages with conforming loan balances (4,350 or less) decreased to 4.65 percent from 4.66 percent, with points remaining unchanged at 0.42 (including the.