In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

With high mortgage rates and home prices not much better, downsizing isn't very attractive to many older homeowners these days. Instead, reverse mortgages — which allow you to turn your existing home ...

Mortgage rates are the interest rates charged by the mortgage holder, typically a bank, to the borrower, typically a ...

The rate on a 30-year fixed refinance climbed to 6.18% today, according to the Mortgage Research Center. Rates ...

In essence, an interest rate is the cost of borrowing money. This "rental fee" is calculated as a percentage of the principal, or original loan amount. The interest rate determines how much you'll pay ...

See how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans. By Tara Siegel Bernard The Federal Reserve is expected to cut its key interest ...