Stay up to date on the current mortgage rates with Newsweek Vault. Our goal is to help you understand the why behind current mortgage rate fluctuations.

An unsecured loan is a loan based on your creditworthiness and good faith promise to repay rather than collateral, such as a home or vehicle.

Paying off a loan early can reduce your debt-to-income ratio, which can benefit your credit. Your credit score is based on a number of factors, like payment history and credit utilization.