A leading equity release firm is warning homeowners who are planning to release money tied up in their homes to act sooner rather than later to avoid the effects of a property market crash.

Bank rates (Detroit Free Press)
Major Michigan financial institutions were surveyed last week to determine the interest rates they charge for loans and APYs they pay for savings deposits. Rates quoted as of Friday. APYs on deposit accounts are based on the minimum amount to open the account. CD yields are fixed-interest offers only. New-car loan rates apply to a $20,000 loan for 5 years. Home-equity line and loan rates ...