How can I find out what the current rate is? And what would one expect for a 80/20 30yr fixed loan with "good" credit? (low 700s)
2007-02-20 14:18:38 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
just goggle mortgage rates - last I looked they were around 6%.
Try bankrate.com.
2007-02-20 14:23:01 · answer #1 · answered by brian m 2 · 0⤊ 0⤋
Most of the time, if you can afford the higher payment each month on a 15 year fixed, and if you're still on the front end of your 30 year fixed, it does make sense to convert over to a 15 year fixed mortgage. When you consider the amount of interest that is paid back in 30 years compared to paying it back in 15 years, you probably will end up saving close to 100k if not more, but you should consult an amortization schedule based on how much time you have left on your current loan. Some people may not want the payment shock of going from a 30 year to 15 year term, so you can also look into a 20 year fixed rate loan as well as an option.
2016-05-24 00:35:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Roughly low 6% on the first mortgage and depending on the state around 9% on the second. Try going to the major banks websites. They should list the rates and Apr's for all mortgages that they offer.
2007-02-20 14:26:53 · answer #3 · answered by Sean O 1 · 0⤊ 0⤋
Truthfully the Apr rates can be different for each person. Check with a Mortgage Broker to see what kind of rates they can get you. You can find them online or in the yellow pages. Or you can email me and I can get you in touch with someone in your area.
2007-02-20 15:15:28 · answer #4 · answered by The Drew 4 · 1⤊ 0⤋
For low 700's 6-6.5 is about right for now. Rates change slightly every day, and each lender reacts differently.
2007-02-20 14:46:40 · answer #5 · answered by Ron B 3 · 0⤊ 0⤋
I had no credit and I have a fixed 30yr for 6.5 (rda loan)
2007-02-20 14:52:17 · answer #6 · answered by Amber D 1 · 0⤊ 0⤋