Current Mortgage Rates

Saturday, November 21, 2009



The APR calculator will easily calculate the annual percentage rate on any type of loan! Shopping for a mortgage loan and comparing mortgage lenders can be confusing. How do you know if you are getting the best deal? One lender charges up-front fees but has a good rate. Another charges very little fees, but has a slightly higher interest rate.

The Annual Percentage Rate, or APR, provides a way to compare different loan pricing structures used by lenders. The more costs that you have to pay to get a loan, the higher the Annual Percentage Rate (APR) will be. Since a lender's pricing structure for a mortgage loan is typically not this simple, using a APR calculator becomes extremely helpful. APR calculator can include more than just the interest cost of a loan. On a mortgage, APR might include Private Mortgage Insurance, processing fees, and discount points. There are other fees and charges that may or may not be included in a given APR quote. Therefore, you need to look closely at each and every APR.




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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed4.75%
30-yr. fixed jumbo5.25%
15-yr. fixed4.25%
15-yr. fixed jumbo4.75%
7/1 ARM4.38%
5/1 ARM4.00%
3/1 ARM4.00%
1-yr. ARM3.75%
1-yr. LIBOR ARM4.38%
10/1 ARM4.62%
*Mortgage Rates Updated: 11/21/2009