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everything you ever wanted to know about - interest rates  

Definition : interest rates 

Interest rate is the 'rental' price of money. IE the cost of borrowing money. When a resource or asset is borrowed, the borrower pays interest to the lender for the use of it. The interest rate is the price paid for the use of money for a period of time.

 
 

Articles on interest rates Click on article for full details

Thought Fixed Rate Will Give You a Respite from the Perils of Variable Rates

Are Interest Rates Up, Up and Away?

Buying a Home when Rates go Up

Adjustable Rate Mortgage Holders Prepare for Increase in Rate

Alternative Options For Rising Interest Rates

Reducing Debt Through Lower Interest Loans

What You Need to Know About Interest Rates

It Is In Your Best Interest To Do The Math On Your Credit Card Interest

The Basics of Home Loans - Interest Rates, Closing Costs, Points

Inverted Interest Rates

A Guide to Common Loan Terms

Types of Mortgage Interest Rate

 

 

Quotations on interest rates

If the whole world went into recession, all the major central banks could cut interest rates and expand the money supply.
Jeffrey Sachs

We have one of the highest interest rates in the world, and we owe more money per capita than any other country. All we need is a nail hole in the bottom of the boat and we're sunk.
Pauline Hanson

Sleep is the interest we have to pay on the capital which is called in at death; and the higher the rate of interest and the more regularly it is paid, the further the date of redemption is postponed.
Arthur Schopenhauer

 
 

Jokes on interest rates

Economists

There are two types of economists:
(1) those who cannot forecast interest rates, and
(2) those who do not know that they cannot forecast interest rates.

Einstein's Room Mates
Einstein dies and goes to heaven only to be informed that his room is not yet ready. "I hope you will not mind waiting in a dormitory. We are very sorry, but it's the best we can do and you will have to share the room with others." he is told by the doorman (say his name is Pete). Einstein says that this is no problem at all and that there is no need to make such a great fuss. So Pete leads him to the dorm. They enter and Albert is introduced to all of the present inhabitants.

"See, Here is your first room mate. He has an IQ of 180!"
"Why that's wonderful!" says Albert. "We can discuss literature!"
"And here is your second room mate. His IQ is 150!"
"Why that's wonderful!" says Albert. "We can discuss mathematics!"
"And here is your third room mate. His IQ is 100!"
"That's wonderful! We can discuss the latest plays at the theatre!"
Just then another man moves out to capture Albert's hand and shake it.
"I'm your last room mate and I'm sorry, but my IQ is only 80."
Albert smiles back at him and says, "So, where do you think interest rates are headed?"

 
 

Finding the best  interest rates

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 interest rates :: Future Value of Investment Calculator

 

 

 

Books on interest rates

Personal Finance for Dummies

 Book Info
Personal Finance for Dummies offers sound and practical advice for those who want to get control over their personal financial lives. Author Eric Tyson points out the most common mistakes that we all make in our approach to money and prescribes ways to save and invest for a secure future. Using worksheets, the book helps you to measure your own financial health by looking at factors such as how much debt you carry, your savings rate, as well as investment and insurance checkups. The book looks at how you should invest your retirement account, approach taxes, and provides a good overview on how to buy real estate.

 
 

Software on interest rates

Real Estate Calculator Suite

Features:

Real Estate Calculator Suite can help you determine how much house you can afford. (Mortgage Qualifier)
It can show you the impact different mortgage interest rates will have on your home loan. (Loan Spread Calculator)
Real Estate Calculators Suite helps you decide what mortgage term (length of loan) is best for your budget. (Loan Spread Calculator)
It helps you determine how much house you can afford based on what you currently pay in rent. (Rent or Buy Calculator)
Show you how much to add to your monthly mortgage payment in order to pay off your mortgage by a chosen date. (Loan Amortizations and Prepayment Calculator)