Current Mortgage Rates
Thursday, December 04, 2008
When comparing mortgages, home buyers should begin by researching current interest rates. Because rates can fluctuate greatly over a thirty day period, watching the current mortgage market trends can help consumers zero in on the best deals. The lower the interest rate, the lower the monthly payment will be. Making sure that you get the best rates available is extremely important when taking out a home loan. The amount of money that you pay in interest can significantly impact the total amount of money that you pay over the life of your loan. Because homes are meant to be an investment as well as a place to live, it is important that you pay as little as possible to reap the full benefit of ownership.
However, getting the best mortgage rates isn't easy. You will need to have a good credit history to qualify for prime rates. A down payment, verifiable income, and a steady job are also contributing factors. But qualifying is only half the battle. Mortgage rates can vary dramatically from lender to lender. You will need to shop around of you want the best deal.
However, getting the best mortgage rates isn't easy. You will need to have a good credit history to qualify for prime rates. A down payment, verifiable income, and a steady job are also contributing factors. But qualifying is only half the battle. Mortgage rates can vary dramatically from lender to lender. You will need to shop around of you want the best deal.
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How to get updated Mortgage Rates on a daily basis?
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What all to consider while selecting a Good Mortgage Rate?
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No-Cost Mortgages
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What is the Real Cost of Mortgage Insurance?
What is Title Insurance?
How Can I Avoid Escrows?
No-Cost Mortgages
Do I Really Need All These Title Policies?
Get Current Mortgage Rates
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Mortgage Resources
- Adjustable Rate Mortgages
- Bad Credit Mortgages
- Bankruptcy
- Better Money Management
- Buying a House
- Credit Card Debt
- Debt Consolidation
- Debt Negotiation
- Home Equity Loan
- Interest Rates
- Locking the Rates
- Managing the Mortgage
- Mortgage Application
- Mortgage Calculators
- Mortgage Insurances
- Mortgage Payments
- Mortgage Qualification
- Mortgage Taxes
- Refinancing
- Second Mortgage
- Selecting a Loan Provider
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Selecting the Mortgage Features
- Can Points Be Financed
- What is the Real Cost of Mortgage Insurance
- Title Insurance and Why Need it
- How Can I Avoid Escrows
- No-Cost Mortgages
- Do I Really Need All These Title Policies
- Finding the Current Mortgage Rates
- Best way to lower your Mortgage Rates
- What all to consider while selecting a Good Mortgage Rate
- How to get updated Mortgage Rates on a daily basis
- Selecting the Mortgage Type
- Shopping for a Mortgage
- Tips and Advice
- Current Mortgage Rates by State
Current Mortgage Rates*
Loan Type National Average |
|
| 30-yr. fixed | 5.88% |
| 30-yr. fixed jumbo | 7.62% |
| 15-yr. fixed | 5.50% |
| 15-yr. fixed jumbo | 7.50% |
| 7/1 ARM | 6.25% |
| 5/1 ARM | 5.88% |
| 3/1 ARM | 5.88% |
| 1-yr. ARM | 6.75% |
| 1-yr. LIBOR ARM | 6.12% |
| 10/1 ARM | 7.88% |
| 40-yr. fixed | 7.00% |
*Mortgage Rates Updated: 12/01/2008