2006-06-06 06:50:04 · 3 answers · asked by sloppy dan 2 in Business & Finance ➔ Renting & Real Estate
Really depends on your credit. Better the credit better the rate. Mortgages rates are going up right now but if your credit is pretty good you can get a decent rate
2006-06-06 07:44:55 · answer #1 · answered by cynthia f 1 · 0⤊ 0⤋
There are so many different loan programs for different situations. And they all have different rates. Mortgage Rates can be anywhere from 6%-12%. Depends on the specifics of the situation.
For example, someone with perfect credit and a down payment will get a completely different rate than someone who just filed a bankruptcy and has no money for a down payment.
Rate is not what you should focus on, payment and value should be your focus. If you are buying a home determine if the home is worth it to you and if you can afford the payments. If you are refinancing, determine if you are gaining something from the refinance and if you can afford the payments. Don't let the rate decide for you.
2006-06-06 19:05:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Rates have gone up now... I bought my house in April of this year... it's my first home... and I have pretty good credit -- my rate is 6.25%
2006-06-06 13:54:12 · answer #3 · answered by Lisa S 3 · 0⤊ 0⤋