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Shopping for your first home is an exciting experience. After all, it’s really the first place you can call your own! While finding a house that you’re really happy with is important, so is finding a good interest rate on that home mortgage.
On a simple note, rates are near long-term lows and they’ll generally continue to follow the broader market for interest rates (which is. yields are down significantly (normally a good indication.
· When you start looking to buy a house, you’re going to hear all about mortgage rates and how much it sucks that they’re going up, how great it is if they’re going down, or even why low mortgage rates aren’t always a good thing.. Your mortgage rate is simply the amount of interest charged by whomever you took a loan out with to purchase your house.
What makes an interest rate "good" varies with the type of loan, and it changes over time. At different points in the 21st century, for instance, the average interest rate for a mortgage has been as high as 8.05 percent and as low as 3.66 percent.
Best Current Interest Rates Interest rates on savings accounts vary greatly. That is why we check rates daily at more than 5,000 U.S. banks and credit unions.so that it is easy for you to find the best savings account rate.
Mortgages. The credit union national Association lists the average 30-year fixed conforming mortgage rate at 3.67% through credit unions, and 3.59% fixed through banks as of July 19.
A good interest rate on a mortgage in 2014 is 4.2 percent. This varies greatly depending on the type of mortgage and the credit score of the applicant.
RE :Is 3.75% a good interest rate for a mortgage? -What is the average interest rate that first time homebuyers, or any homebuyer, gets? -What decides how high or low an interest rate is? -Is an interest rate the same for everyone across the board at a given time or, does it vary at all times?(I ask because, i hear a lot of "this is the best.