How Mortgage Calculator Can Keep You Out of Trouble An eternally ongoing tug of war between lenders for the best clients complicates matters. Trying to compare current mortgage rates, too many figures come up, varying according to region, duration of mortgage, interest, and the principal amount. Is there a national average, as some lenders claim? Lender A says that the weekly national mortgage rate today for the 30year fixed loan stands at 5.35%, an increase of 7 basis points over last week. They are willing to lend at a far lower interest rate, maybe 0.50% less.
Lender B quotes mortgage rates based on a hypothetical example of a purchase price of $200,000 with a down payment of $50,000 in zip code 10017. The loan amount is $150,000. According to loan durations, the following interest rates apply.
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