Interest Rates Explained: Nominal, Real, and Effective

What is a comparison rate and how is it calculated? Comparison rates explained | Mozo

Compare Today's Mortgage Interest Rates - NerdWallet

Interest Rates: Types and What They Mean to Borrowers

People love to compare interest rates, but they forget to compare prices and income. In the early 80s, rates were brutal, but homes cost a fraction of what they do today and wages still lined up with the math. You could refinance when rates fell. You could not refinance a price that doubled. Today the problem is not just the rate. It is the gap between incomes and home prices. That is why buying feels impossible, even at lower rates. The real conversation is not about who had it harder. It is ab