What Is A Good Home Loan Interest Rate?

What is a good home loan interest rate? The best home loan interest rate depends on your personal situation. That would depend on the individual consumer. To just bill out a rate is not doing anybody any...

That would depend on the individual consumer. To just bill out a rate is not doing anybody any justice and it really isn't fair to the consumer nor the mortgage professional. However to give you two examples, let's say someone who has perfect credit today is going to purchase the house and they have 10% down on that house and let's say that they can verify income. Given that, today's rate on the 30 year fixed mortgage, they can expect to get about 5.95%. Now take that exact same scenario with someone who has marginal credit really is going to be more around 6.75. So if you fall in either one of these categories as of today, when they readjust the rates at around 9 o'clock, then that's approximately where you would be at.

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