What is a bidding war?
The Bankrate.com financial term of the day is: "bidding war."
A bidding war is a fight for your right to be the party who owns a piece of property or other item. Would-be buyers submit competing offers that drive up the price. While the high bidder might win the war, the seller can pop the champagne and celebrate richer proceeds from the sale.
When you sell your home, you're hoping it finds a buyer. If you're lucky, it will find two or more potential buyers who will engage in a bidding war and pump up your price.
To shop for a mortgage rate when you're ready to buy, visit the rate tables at Bankrate.com.
Mortgage rates jumped for a second straight week.
Mortgage rates moved higher after better-than-expected news about jobs.
Mortgage rates declined across the board this week.
Mortgage rates fell for the sixth straight week.
Mortgage rates fell for the fifth consecutive week.
Do you have a life insurance policy for your dependents? Is it enough?
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
Feeling lost in the mortgage wilderness?