Trends in Mortgage Rates are always very interesting since even a little percentage increase or decrease means big money! Isn’t it good to know that the average 30-year fixed mortgage rate for today at 3.33% shows a decrease? Since last week, the decrease is 10 basis points. Regarding refinance, the same sort of loan has an APR of 3.27%, a decrease of 12 basis points over last week.
Why should you opt for shorter-term loans?
Though it all depends upon available finances, the shorter the term, the better, isn’t it? Interest rates are lesser and planning for the short-term is definitely easier with little apprehensions and doubts. Interest rates may decrease meanwhile during the term, allowing for profitable refinance options. At the same time, fixed loans take many of the tensions away compared to the ARMs.
How are the Hialeah rates doing?
Hialeah Mortgage Rates are not such a big surprise. It all seems so mysterious, the great variety of rates are so much lower than the national average. Where are the loopholes, one wonders?
Imagine a purchase price of $400,000 with a down payment of 20% or $80,000. Assuming a credit score over 740, what will be the mortgage rates for a 10-year fixed loan? A glance at 4 quotes:
|
Rate in % |
APR in % |
Upfront costs IN $ |
Monthly payment is $ |
|
1.750 |
1.975 |
3495 |
2909 |
|
1.875 |
1.997 |
1895 |
2927 |
|
2.000 |
2.103 |
430 |
2944 |
|
1.875 |
2.076 |
3112 |
2927 |
Top 5 Santa Ana Mortgage Rates
California tells a somewhat different story in this adventure in search of affordable mortgage rates. There seems to be no hard and fast rate with so much bargaining possible. Lenders are trying to outdo each other in search of potential clients. Watch out for hidden costs that may not be revealed early. Go for the tried and tested lenders and leave nothing to chance. Seek recommendations from trusted sources.
The scenario is a property purchase price of $350,000 with a down payment of $70,000 or 20%. Consider a few options for a 15-year fixed loan.
|
Quotes |
APR in % |
Total fees in $ |
Monthly payment is $ |
|
A |
2.030 |
595 |
1818 |
|
B |
2.181 |
1109 |
1818 |
|
C |
2.184 |
1175 |
1818 |
|
D |
2.211 |
1708 |
1818 |
Top 10 Irving Mortgage Rates are quite attractive
Travel all the way to Texas and what do we see there? Mortgage interest rates for a property worth $250,000 for a 20-year fixed loan. The down payment is 20% or $50,000.
|
Quotations |
APR in % |
Total fees in $ |
Monthly payment is $ |
|
E |
2.658 |
595 |
1073 |
|
F |
2.737 |
2000 |
1073 |
|
G |
2.751 |
9 |
1085 |
|
H |
2.783 |
595 |
1085 |
Concentrate on the national rates
Regional differences apart, the reputed banks on the national level do dispense the best rates but do not forget to bargain. Waiting is sometimes considered a good policy with the rates sometimes declining like over the previous week.
