Bankrate

Bankrate is a financial news website that provides information on mortgage rates, personal finance, banking products and services. The site offers free tools such as rate comparison calculators and product reviews to help users make informed decisions about their finances.

31%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a poor reputation for journalistic standards and is not considered a reliable news source.

Bias

50%

Examples:

  • The articles provided are generally unbiased and provide objective information on mortgage rates.

Conflicts of Interest

15%

Examples:

  • There is one conflict of interest found in the article titled 'Will the Fed raise interest rates one more time this year? Some economists are not convinced' which states that some economists are not convinced about a potential rate increase while Bankrate has an editorial bias towards higher mortgage rates.

Contradictions

10%

Examples:

  • There is one contradiction found in the article titled 'Mortgage rates today, November 9th, 2023 | 30-year fixed rates drop' which states that mortgage rates have decreased while other articles state that they have increased.

Deceptions

10%

Examples:

  • There is one deception found in the article titled 'Most rates fall - Current mortgage rates for Wednesday, April 3rd, 2024' which states that interest rates are on track to gradually come down this year while the Fed has not yet cut interest rates and may not do so until May.

Recent Articles

  • Rising Mortgage Rates Slow Down Housing Market, But Opportunities Exist for Homebuyers

    Rising Mortgage Rates Slow Down Housing Market, But Opportunities Exist for Homebuyers

    Broke On: Wednesday, 03 April 2024 The housing market is experiencing a slowdown as mortgage rates continue to rise. Despite rising interest rates, there are still opportunities for homebuyers in the market due to an affordability crisis that has led to a decline in inventory and may help temper home price growth. The Federal Reserve is closely monitoring inflation and its impact on mortgage rates while experts predict that they may eventually fall as demand for housing wanes. It's important for buyers to carefully consider their financial situation before making a purchase decision.

  • Mortgage Rates Decrease on December 4, 2023 Amid Economic Factors

    Broke On: Monday, 04 December 2023 Mortgage rates for December 4, 2023, have decreased compared to the previous week. The average rates for 30-year fixed loans, 15-year fixed loans, and 30-year jumbo loans are currently at 7.52%, 6.71%, and 7.57% respectively. Despite the decrease in mortgage rates, the demand for home buying remains low due to limited inventory and high prices. Experts predict that mortgage rates may stabilize in 2024 due to changing economic conditions.

  • Uncertainty Surrounds Federal Reserve's Interest Rate Policies Amid Market Fluctuations

    Broke On: Wednesday, 08 November 2023 The Federal Reserve's key borrowing benchmark currently sits at a 22-year high of 5.25-5.5 percent. Yields across the Treasury curve mostly fell as the auction of benchmark 10-year notes fared modestly better than expected. Futures for the S&P 500 and the Dow Jones Industrial Average each rose about 0.2% early. Shares of Wynn and Green Dot slid due to various factors. Oil prices slid to more than three-month lows on concern over waning U.S. and Chinese demand.

  • Mortgage Rates Decrease on November 9, 2023: A Shift in the Housing Market

    Broke On: Thursday, 09 November 2023 As of November 9, 2023, mortgage rates have decreased across the board. The Federal Reserve has held firm on another rate hike this month, indicating it expects rates to stay on the higher side for the foreseeable future. Adjustable-rate mortgages (ARMs) are becoming a competitive option again, offering lower rates than fixed-rate mortgages. Home affordability is at its worst level in nearly four decades, according to Fannie Mae.

  • Mortgage and Refinance Rates Update: November 8, 2023

    Broke On: Wednesday, 08 November 2023 The average rate on a 30-year fixed mortgage refinance is 8.02% as of November 8, 2023 The average rate on a 15-year mortgage refinance is 7.20% as of November 8, 2023 Refinance rates are typically higher than purchase loan rates due to additional risk for the lender Understanding how to calculate mortgage payments and the importance of the annual percentage rate (APR) can help secure the best possible rate Comparing rates from multiple lenders can help secure the best possible mortgage or refinance rate

  • US Mortgage Rates See Slight Decrease but Remain High

    Broke On: Saturday, 04 November 2023 The 30-year fixed-rate mortgage decreased to 7.76% for the week ending November 2, according to Freddie Mac's weekly survey. The rates have been above 7% for 10 weeks straight, the highest level since 2001. The Federal Reserve is not expected to start cutting rates until the second half of 2024.