Mortgage rates today. While a monthly mortgage rate forecast is helpful, it’s important to know that rates change daily. You might get 3.9% today, and 4.0% tomorrow.
The average rate on the 30-year fixed-rate mortgage fell to 4.06 percent with an average 0.5 point, according to Freddie Mac. (Like Fannie Mae, Freddie Mac is a government-sponsored mortgage company.).
Like others said, 4.5% is not a bad rate all things considered, the best rates out there for FHA loans are like 3.5% or higher. My wife and I bought a cheaper home recently with income similar to yours and we got a rate just under 4%.
Have you looked into 15 year loans – they have a lower interest rate. A 30 year mortgage on $70,000 at 4.75% would be about $365/month. A 15 year mortgage at 4.25% would increase the payment to $525 a month, but you would be done paying for it in half the time.
Is 4.4% a good rate on a refinance? I have an original loan of 165,000 with 110,000 remaining and I plan to live in the home for a while. But I’ve heard that rates are lower than this. 4.4% is better than what I have now, but is it good for the market right now?
al found that, if a borrower takes out an FHA mortgage with a 4.25 percent interest rate, that mortgage will be packaged in. "Nonetheless, doing nothing is not a good option.".
While we can’t say that this week’s best mortgage rate offerings were quite as good as last week’s best, they were pretty darn close. In fact, quite a few lenders have simply been quoting the same.
when the 30-year FRM averaged 4.52%. Meanwhile, the 15-year FRM averaged 3.18%, up from the previous week when it averaged.
Interest Rates Mortgage Calculator
The average 30-year fixed mortgage rate is 3.94%, down 5 basis points from 3.99% a week ago. 15-year fixed mortgage rates fell 6 basis points to 3.28% from 3.34% a week ago.
It depends on your state, but 4.125% with credits towards your closing costs if you are getting separate mortgage insurance. If you are getting mortgage insurance included with the rate, then 4.25% is a great rate. I’m getting 4.375% when I run rates for that scenario. (This assuming a 40 day or less closing time).