Is 4 A Good Mortgage Rate

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.".

Current Us Interest Rates

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.

Fha Rates Vs Conventional

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).

Refi Rates In Texas

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