What is todays mortgage rate?

Question

What is todays mortgage rate?

Answer 1

A lot of lenders now change pricing based on your LTV, loan type, and FICO.

Someone with FICO over 730, with LTV 80% or less on a rate & term refinance or purchase is going to get around 6% without paying origination costs

If your FICO is under 680, your LTV is over 70% and you're taking cashout, your rate is probably closer to 6.5%+

Answer 2

Each lender is it's own company which has it's own internal policies regarding what to offer in the way of mortgage rates.  You need to check with lenders in your area.

Answer 3

Your mortgage rate will depend on a lot of factors -- including what kind of loan you're asking about, what type of property you're buying, how much of a downpayment you're using (if you're buying) and what your credit score is.

For that matter, interest rates mean nothing at all if you don't know what closing costs you'll have to pay in order to get that rate.  So be sure to find out what the APR is, in addition to the interest rate (it's another way to measure the closing costs) -- or get a Good Faith Estimate.

Today's rates are a bit worse than yesterday's; a $300,000 30 year fixed rate loan can price out at 6.000% today with an APR of 6.235% (that includes 1% origination fee and 0.750% discount.)

Answer 4

I hate that question! No one gets the same rate! Everyone qualifies for different rates. There is no one set rate for the day. If you would like to hear a generic rate, call your bank. They will tell everyone the same rate even if your neighbor calls in & asks & their credit is terrible!

Answer 5

It depends on your lender and what loan program you are in.  There is no one set mortgage rate for each and every bank and each and every loan.  If you are talking about what is the average rate for a 30 year loan, it is 6.22% according to bankrate.com.

Answer 6

Your credit rating will determine what rate you get.

Better rating = Lower rate

Answer 7

That varies by lender.  There is no one set rate.