Current Mortgage Rates

Wednesday, November 19, 2008



This is something everyone dreams about but, unfortunately, most people are only dreaming. Debt free living can be more than a dream if you're willing to do what it takes.
  • Develop a Debt Management Plan: To do so, follow these steps:
    1. Determine who you owe and how much you owe.
    2. Determine how much you can pay back and when it can be paid.
    3. Develop a plan for paying your debts.
    4. Discuss your plan with your creditors.
    5. Control spending by following your debt repayment plan until debt is repaid.
    6. Monitor your plan.
  • Manage your good debt: Good debt is like an investment: Incurring it usually reaps a reward. It includes such things as: mortgages, home equity loans and student loans. You can maximize the value of good debt through careful management:
    1. Watch interest rates and try to lock in a low rate on a mortgage.
    2. Consolidate high-interest loans into one lower monthly payment.
    3. Use any unexpected financial windfall to try to eliminate bad debt.
  • Change your shopping habits: One of the biggest mistakes people make after making a financial recovery is to allow themselves to fall back into old habits and get into debt. Before they know it, they have racked up another few thousand in credit bills, and they are heading down the same path to having a desperate situation where they just can't make their payments on time each month.



Get Current Mortgage Rates
From Top Lenders

Property State
Type of Loan
Home Description
Your Credit Profile
Note: Your credit profile will not be run for this inquiry.

Mortgage Resources



Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed6.12%
30-yr. fixed jumbo7.88%
15-yr. fixed5.75%
15-yr. fixed jumbo7.62%
7/1 ARM6.38%
5/1 ARM6.00%
3/1 ARM5.88%
1-yr. ARM6.62%
1-yr. LIBOR ARM6.12%
10/1 ARM7.88%
40-yr. fixed7.38%
*Mortgage Rates Updated: 11/19/2008