What is a McMansion?
The Bankrate.com financial term of the day is: "McMansion"
"McMansion" is a disparaging term used to describe homes that are oversized and opulent, but also without a whole lot of uniqueness. McMansions are loosely defined as houses between 5,000 and 10,000 square feet with soaring, grandiose entryways and multicar garages, often shoehorned onto relatively small lots.
McMansions are giant homes that have sprouted up in the suburbs the way fast-food restaurants have -- hence the name.
To shop for the perfect home loan, visit the Mortgages section at Bankrate.com.
Mortgage rates jumped this week.
The benchmark 30-year fixed mortgage rate held at 3.8 percent.
Mortgage rates remained in a holding pattern this week.
Mortgage rates edged up this week.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
New car loan rates fell 1 basis point each.
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. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
We still have a collective interest in conserving gasoline, but so far it hasn't overcome our love of wide, spacious vehicles that can haul a bunch of stuff.
... Read more