What is a home loan interest rate?

Answer The interest rate on a home loan--also called a mortgage--refers to the percentage of the loan the lender charges as a fee for borrowing the money.Time FrameInterest rates are stated per year but a... Read More »

Top Q&A For: What is a home loan interest rate

What Is the Average Home Loan Interest Rate?

The average home loan interest rate in the U.S. is 5.58 per cent for a 30-year fixed mortgage loan. This national average is based on a July 2009 weekly survey that was conducted by Read More »

How can I get rid of my private student loan and switch to a federal loan with a lower interest rate?

Call the US Department of Education because sometimes they will buy your loan off and then you can pay them instead. I have a student loan through the Dept. of Ed. and my interest is only 2%. Cal... Read More »

How is the interest rate on a loan established?

When you take out a loan, the lender charges an interest rate on the loan that increases the amount you have to repay. Lenders set the interest rates on loans based on the need to account for risk,... Read More »

What is the average interest rate on a loan?

Average mortgage rates change daily since the bond prices change daily. Freddie Mac has tracked rates since 1971. In June of 1991, the average rate was 9.62 percent. In June of 2001, the average ra... Read More »