MortgageDad.com

BEFORE YOU REVIEW THE RATES BELOW...

Always be cautious when shopping rates; ask for a Loan Estimate and breakdown of closing costs that can affect the "APR" or Annualized Percentage Rate.
The "APR" is the number that includes your interest rate PLUS ALL discount points and fees charged by the lender; this lets you can see the REAL cost of borrowing.
It is not uncommon for some online lenders to hook consumers attention with a low "teaser" rate but where they are charging a high amount of discount points & fees, thus making the APR (real cost of the loan) extremely high.
Rates shown below represent a survey or average of current market data. Keep in mind that your interest rate may be lower or higher depending on the details of your specific mortgage scenario.

Learn more about the factors that affect your rate HERE.

When you shop rates, it's important to get ACCURATE rate quotes and not fall for teaser rates some lenders push on social media feeds and google searches.

The BEST way to shop rates/costs is actually to provide the key data points below that influence rates and then ask the lender to provide a Loan Estimate.

1. Loan product type (Conventional, FHA, Jumbo, etc)
2. Loan-to-value (how much you put down or equity you have)
3. Credit Score (your middle score of the 3 bureaus)
4. Loan Size (how big the loan is)
5. Occupancy (primary, second home, investment)
6. Type of transaction (purchase, cash out refinance, rate/term refinance)
7. Property type (multi unit, single family, condo, manufactured home)
8. Location - (Lenders need the zip code at the very least; a full address is recommended.)

TODAY'S RATE SURVEY

Learn more about the factors that affect your rate HERE.

COURTESY OF MORTGAGENEWSDAILY.COM NATIONAL RATE SURVEY

SHOP AND COMPARE RATES

FIND OUT IF I CAN BEAT THE RATES ABOVE

KNOWLEDGE IS POWER

WHAT FACTORS AFFECT MY INTEREST RATE?

MORTGAGE TOOLS YOU CAN USE

GET THE ULTIMATE MORTGAGE APP

REAL ESTATE AND FINANCIAL ADVICE. YOUR INBOX.