Antoinette Neal, Exit Realty HGM

04/21/2024

02/07/2024

Education you need to know when purchasing a home.

The interest rate is the amount lenders charge borrowers and is a percentage of the principal. It is also the amount earned from deposit accounts.

02/06/2024

Mortgage rates are often indirectly impacted by Fed rate changes. So as the Fed lowers its benchmark rate, mortgage rates are expected to trend down as well.

But Fed officials have repeatedly indicated that they want to be sure that inflation is coming down sustainably before they'll consider cutting rates, and a more balanced labor market is part of that. Officials will likely see the latest jobs numbers as evidence that they don't need to hurry to start lowering rates. This could keep mortgage rates elevated for longer than currently expected.

Current Mortgage Rates
Accurate as of 2/6/2024
Mortgage type Average rate today
30-year fixed 6.48%
20-year fixed 6.22%
15-year fixed 5.73%
7/1 ARM 6.78%
5/1 ARM 6.88%
30-year FHA 5.49%
30-year VA 5.73%
This information has been provided by Zillow. See more mortgage rates on Zillow
Current Refinance Rates
Accurate as of 2/6/2024
Mortgage type Average rate today
30-year fixed refinance 6.34%
20-year fixed refinance 6.34%
15-year fixed refinance 5.81%
7/1 ARM refinance 7.81%
5/1 ARM refinance 7.49%
30-year FHA refinance 5.49%
30-year VA refinance 5.75%
This information has been provided by Zillow. See more mortgage rates on Zillow
Mortgage Calculator
Use our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. By plugging in different rates and term lengths, you'll also understand how much you'll pay over the entire length of your mortgage.

04/24/2023

💓💞❤️♥️💕💖💗❣️

01/08/2023

This is how it is sometimes 😒🙄😔

01/06/2023

😂😂😂😂😂😂😂😂

11/28/2022

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.