Surging home-mortgage rates are threatening prospects for a quick rebound in the housing market.
Similar Stories to Mortgage Rates Surge, Sap Hopes on Bing News
WSJ.com: What's News US, Wall Street Journal
Thu, 05/28/2009 - 9:41pm
Topics: housing market mortgage mortgage rates
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A basis point is one one-hundredth of one percent. Rates are expressed as an annual percentage rate, or APR. Include FHA loans FHA loans require a down payment of at least 3.5% with a credit score ...
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Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.
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