Is 4.375 A Good Mortgage Rate

Fha 203K Interest Rates Annual Percentage Rate (APR) The cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees. For home equity lines, the APR is just the interest rate.

For the record, you can obtain mortgage rates at every eighth of a percent, so it’s also possible to get a rate of 3.625%, 3.875%, 4.125%, 4.375%, and so on. But for the sake of simplicity, I spaced it every quarter of a percent except for the jump from 5% to 5.5%.

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Why 4.375% is the benchmark rate to justify refinancing. Put another way, the 30 year fixed-rate mortgage is the most coveted mortgage type consumers opt for, indirectly driving the flow of money, which in turns affects "thresholds" in the different coupons (i.e. different rates).

Tamianles808. Yes, that’s true! I work in title, so I only see what comes across my desk from lenders. The low end of what I am seeing is mostly 4.25 and 4.375. If I come across 4% or lower, it is usually an ARM or they’ve been in the refi process for many months. So, I would consider that a good rate right now. I feel like I lucked out.

Most places I applied for were 4.0 or 4.125 but citi gave me a great rate. That sounds like a rate on a 15 yr mortgage. I have not seen a 3.5% rate on a 30 yr mortgage in more than a year. If yours is in fact a 30 yr mortgage and you are not buying down the rate, I am amazed.

How To Get The Best Mortgage Rate How to Qualify for the lowest home loan rates – The national average rate for a 30-year fixed-rate mortgage. 4.375%. If your score is much lower, between 660 and 679, the quote is 4.625%. If your score is much lower, between 660 and 679, the quote is 4.625%.

Mortgage Rates Down 0.25% This Week – At the end of last week, the average top-tier 30yr fixed mortgage rate quote was 4.375%. As of today, the exact same scenario would be at 4.125%-a quarter of a percentage point lower.

If it is a 30 year fixed, 4.4% is not bad with NO POINTS and low fees. Assuming you have excellent credit, 4.375% with no points and 4% with 1 point should be where you would want to be. Also, the amount of equity you have in the home also plays an important part. I would be happy to email you a free quote. adennie@fmbranch.com. Thanks.

Refi Rates For Rental Property We have an offer to refinance it for this: Investment – 15 year fixed rate at 3.50%, with a lender rebate of $. 04:52:57 UTC #3 If you are going to hold on to the rental property for at least 5.