Latest Mortgage Rates
| Term | OUR RATES | Banks |
| Updated August 8, 2010 | 0.0 % | 0.0 % |
| Variable ARM | 2.05 % | 2.65 % |
| 1 Year Closed | 2.60 % | 3.75 % |
| 2 Year Closed | 3.04 % | 4.05 % |
| 3 Year Closed | 3.54 % | 4.65 % |
| 4 Year Closed | 3.74 % | 5.25 % |
| 5 Year Closed | 3.65 % | 5.85 % |
| 50/50 Mortgage 3 yr | 2.87 % | 0.00 % |
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Interest Only Mortgages
Think that you should be the one to decide how your money is spent?
You're not alone. Sometimes, it makes good financial sense to keep your mortgage payments as low as possible to free up funds for investment or other uses. The good news is that several innovative lenders have introduced "interest-only" mortgages, so you can decide where your money goes.
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