Refinancing Home Mortgage
In: Mortgage Rate
What are considered good interest rates these days? I’m getting a mortgage and what to know if the rate offered is good or not.
Sassy T
May 15th, 2010 at 8:26 am
well about 4% is a good rate.
Bill
May 15th, 2010 at 9:22 am
Best rates for 30 yr mortgage is between 4.5 – 4.75%. You have to have perfect credit and down payment to get that kind of rate.
amanicen
May 15th, 2010 at 10:05 am
We were quoted 5% last month, 5.5% last week. Seems to be the average range right now.
I Buy And Sell Houses
Right now, 4.75% is about the going rate for someone with good credit, for a conforming 30 year loan. So anything under that is very good. Anything much above 5% isn’t all that good. Again, assuming you’ve got good credit and it’s a conforming loan.
Hope that helps.
HeartandMind
May 15th, 2010 at 11:05 am
In order to become familiar with the ever-changing interest days, I suggest you get an online real estate course. This has been discussed from this source: http://www.pictyors.com/realestateguide/how-to-learn-about-real-estate/
This is about mortgage information questions.
5 Responses to What is a Good Mortgage Interest Rate These Days?
Sassy T
May 15th, 2010 at 8:26 am
well about 4% is a good rate.
Bill
May 15th, 2010 at 9:22 am
Best rates for 30 yr mortgage is between 4.5 – 4.75%.
You have to have perfect credit and down payment to get that kind of rate.
amanicen
May 15th, 2010 at 10:05 am
We were quoted 5% last month, 5.5% last week. Seems to be the average range right now.
I Buy And Sell Houses
May 15th, 2010 at 10:05 am
Right now, 4.75% is about the going rate for someone with good credit, for a conforming 30 year loan. So anything under that is very good. Anything much above 5% isn’t all that good. Again, assuming you’ve got good credit and it’s a conforming loan.
Hope that helps.
HeartandMind
May 15th, 2010 at 11:05 am
In order to become familiar with the ever-changing interest days, I suggest you get an online real estate course. This has been discussed from this source: http://www.pictyors.com/realestateguide/how-to-learn-about-real-estate/