What is a polite mortgage interest rate for today?
Answers:
Today.... 5.25% But for 1 point (1% of your purchase price) you can buy it down to 5.0%. Depending on your purchase price, this may or may not be a good option (cost to monthly savings) for every $100,000 you would liberate about $15 +/- a month but at a cost of about $1000.00 per $100,000. (5.5 year break even point)
It depends on your credit rating, the amount you have for a downpayment, and the length of time you want the loan.
For a plain vanilla 30 year fixed rate mortgage, near at least 5% downpayment, and a good credit evaluation, then anything in the 5.25% band is very very right.
i get 4.85%
5.25% Source(s): RE
If you are seeking the current mortgage rate you will be able to find this in your local tabloid or on the internet. It would mean nothing to you knowing the current interest rate.
Your interest rate is determine by your credit mark, the way you pay your debts on your credit report. Also if you are applying for a conforming or jumbo mortgage. Then the other is if you are applying for a conventional mortgage or a management (FHA or VA) mortgage.
There is a lot that goes into determining your mortgage rate. The instrument you find out the rate you are qualified for is to apply for a mortgage loan through a mortgage banker/broker, preferable one that does FHA and VA mortgage loans.
I hope this has been of some benefit to you, correct luck.
"FIGHT ON"
Related Questions:
Why cant i buy my mortgage from the hill at indistinguishable rate as the buyer that acquire it.?
Can you elaborate a bit more? The interrogate doesn't make a lot of sense. Because you don't have enough money to buy the integral mortgage, or else you would just reimburse it off! Good question....