That is simply not true. It might be better to get a higher interest rate which is fixed for the term of the loan if you expect interest rates to rise.
What the base line interest rates are when you are taking out your mortgage will determine which is the best value. Remember what is the lowest rate now may not be the lowest in a couple of years.
The Capital One Platinum Prestige card has the lowest interest rate with an intro APR of 0%. They also appear to have the lowest interest rate after the intro period ranging between 10.8% - 18.9%
Prime Rate -A+
The lowest interest rate varies day to day as of now (2009) you could probably get a 5-5.25% rate on a 30 year loan.
When borrowing capital to start a business
Prime rate
The only benefit to cancelling the lowest rate credit card is that it may keep an individual from over spending. In contrast, the highest card should always be cancelled and the lowest rate kept to reduce interest fees.
The average interest for the lowest refinancing mortgage rate depends on the company and how long one has been paying the loan and the value of what is left. An example is one to four percent interest rate.
Basic savings
prime rate
The lowest home loan interest rates available are changing all the time, however by looking at MoneySupermarket, the lowest home loan interest rate is given by Sainsbury's Bank, with a Representative APR of just 4.9%.
Currently the lowest interest rate offered on a 30-year fixed rate mortgage is 3.75 percent. Interest rates are historically low at the moment due to the economic downturn.