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mortgage ratesThe mortgage industry is a business, and like any other business, its ultimate aim is to make money. That being said, a mortgage lender isn't going to put up the money for a given property, only to ask for the same amount of money back in return. Where's the profit in that? As it is, ,a href="mort.htm" class="link">mortgage lenders use interest to accumulate their profits. The principal monthly payments go directly towards the cost of the property. The monthly interest charges go directly to the mortgage lender.The following charts depict the National average mortgage rates from January 2003 through June 2004:
* Source: HSH Associates www.hsh.com
* Source: HSH Associates www.hsh.com .................................................................................................................................. Take a look at the CURRENT MORTGAGE RATES |
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