Current Mortgage Rates

Tuesday, December 02, 2008



Credit card consolidation may save you a considerable amount of money, especially if you're transferring the balances from high APR (annual percentage rate) credit cards to low APR credit cards, or better yet, one of the many credit cards that offer zero percentage APR for balance transfers. Here's a brief description of some popular consolidation options along with their relative pros:

  • Low-Rate Credit Cards: If you qualify for a low-introductory rate card you may get the benefit of not paying any interest for a time.
  • Home Equity Loan or Home Equity Line of Credit:
    1. Usually a lower interest rate.
    2. Interest is normally tax deductible.
    3. Your monthly payment will usually be lower so you can use the difference between it and your fixed monthly debt payment to start building an emergency fund.
  • Personal Loan:
    1. Can get good rates, especially if you are a member of a credit union and have good credit.
    2. Unsecured so you don't have to worry about losing your home.





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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed5.88%
30-yr. fixed jumbo7.62%
15-yr. fixed5.50%
15-yr. fixed jumbo7.50%
7/1 ARM6.25%
5/1 ARM5.88%
3/1 ARM5.88%
1-yr. ARM6.75%
1-yr. LIBOR ARM6.12%
10/1 ARM7.88%
40-yr. fixed7.00%
*Mortgage Rates Updated: 12/01/2008