Interest rate for housing loan - Mortgage Rates: Compare Today's Rates

It's easy to tell the logical part of our brain to hush up so we can go ahead and do something foolish.

To put it another way, the interest rate can change intermittently throughout the life of the loan, unlike fixed-rate loans.

Inflation, job growth and other economic factors outside the borrower's control that can increase risk also play a part in how the lender sets their rates.

Hurrying to buy a house makes us less likely to be discerning.

It needs to be noted that low-interest rates also usually come with stricter eligibility conditions.

While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.

And forces that pushed rates down are no longer present.