Current Mortgage Rates Give you Something to Hope for The usually financially volatile markets often become too difficult to predict. By the time you make a decision that may take days and weeks, the rates have changed again. As of today, compared with a week ago, Current Mortgage Rates and refinance interest rates have gone down by a few basis points.
How much lower is the mortgage rate compared to last week? The average APR today stands at 3.20% for a 30-year fixed mortgage and that figure means a 5 basis point reduction compared to last week. Why is the mortgage rate lower? Answering such a question would require extensive research. All that can be said is that the reduction in mortgage rates favors mortgage loan buyers. Top 5 mortgage loan lenders No game beats the financial games! Every company wishes to woo customers with lower interest rates, offering interest rates lower than the national average. A glance at 2 of the quotes. ● Studying one sample quote, the interest rate of 2.749% applies to a 30year fixed loan. ● A 20-year fixed loan offers a 2.545% interest rate. ● A 15-year fixed loan offers a 2.041% interest rate. ● 5/1 ARM has a 2.460% interest rate. The second sample quote offers a 30-year fixed with 2.750% interest and 2.861% APR. ● 20-year fixed with 2.625% interest and 2.754% APR. www.pureloan.com