2007-07-09 07:34:07 · 5 answers · asked by Anthony B 1 in Business & Finance ➔ Credit
It really depends on several things... size of loan, loan to value ratio, type of documentation, credit score, loan type being fixed or adjustable, term of loan...
Typical 30 year fixed rate mortgage for someone with good credit is around 6.5% today for a conforming loan amount- less than $417,000.
2007-07-09 09:39:33 · answer #1 · answered by flamingojohn 4 · 0⤊ 0⤋
For new mortgage it would vary between about 6.25 and 11 depending on your credit or if it is owner occupied.
For all mortgage no matter when gotten they would be lower because people refinanced at low rates a few years ago so average total might be around 5.
2007-07-09 07:47:24 · answer #2 · answered by shipwreck 7 · 0⤊ 0⤋
You know that interest rates can vary so much. You need to check a number of things for yourself first (among them would be your credit score). But I know of a site that can give you all the information to make an intelligent decision. If you go to www.1-800BadCredit.com and read their articles they will help you. Good Luck!!
2007-07-09 08:12:00 · answer #3 · answered by Dewey K 2 · 0⤊ 0⤋
Check out bankrate.com and particularly:
http://bankrate.com/brm/rate/mtg_home.asp
Which is mortgage rate source page. You can find rates from specific lenders for whatever area in country you might be at. Also, don't forget Yahoo.com and it's finance page, either.
2007-07-09 10:38:55 · answer #4 · answered by MJ 4 · 0⤊ 0⤋
It depends on the type and duration of the mortgage. I was checking this out early this year, and I found this website to be helpful.
http://articles.directorym.com/Mortgages-a541.html
2007-07-09 07:45:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋