Mortgage rates diverged today, but one key rate was higher. At the current average rate, you’ll pay $479.15 per month in.
As we have mentioned before, we can’t imagine the Fed pulling the trigger; the markets have already done the dirty work by.
A rate which is charged or paid for the use of money. An interest rate is often expressed as an annual percentage of the principal. It is calculated by dividing the amount of interest by the amount of principal. Interest rates often change as a result of inflation and Federal Reserve Board policies.