Current Mortgage RatesWednesday, October 08, 2008Choosing where to buy depends largely on where you live, what you can afford, and whether or not you will rent out the property when you're not using it. So before saying "I do," give some serious thought to these core issues:
Shopping around and visiting open houses Understanding your First Mortgage Should I Assume the Seller's Mortgage? Should Unmarried Partners Buy a House? What does a Lease-to-Own Purchase work? How much can I afford to put as collateral? Are Manufactured Houses a Good Deal? Is FHA Responsible For the Leaky Roof? Advantages of Buying over Renting How Much House Can You Afford? How Much House Should You Buy? How much should I borrow? How Can I Buy Before I Sell? Understanding your needs for your New House? Get Current Mortgage Rates
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Loan Type National Average |
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| 30-yr. fixed | 6.12% |
| 30-yr. fixed jumbo | 7.62% |
| 15-yr. fixed | 5.88% |
| 15-yr. fixed jumbo | 7.12% |
| 7/1 ARM | 6.25% |
| 5/1 ARM | 6.00% |
| 3/1 ARM | 5.88% |
| 1-yr. ARM | 5.50% |
| 1-yr. LIBOR ARM | 6.12% |
| 10/1 ARM | 8.25% |
| 40-yr. fixed | 7.12% |