Is 3.75 A Good Mortgage Rate

30 Year Interest Only Mortgage Rates Interest Rates Past 20 years interest rates for the past 10 years – Bankrate.com – When the federal funds rate moves, other interest rates follow. The chart below shows how the interest rates on popular consumer products have moved in the past 10 years.Interest-only mortgage rates are not necessarily steep. In some cases, they may be only a quarter of a percentage point more than what you’d pay on a comparable fully-amortizing jumbo loan . However, rates will vary significantly from lender to lender and depending on how well-qualified the borrower is.

MORTGAGE RATES LOWER SLIGHTLY / 30 YEAR FIXED AT 3.875%. February 27th, 2012. The mbs market closed last week trading up (+12 bps). rates pulled down slightly after moving up the past couple weeks. The DOW Jones moved over 13,000 and the stock market has sustained a rally that has the stock market at their highest levels since 2008.

Mortgage Rate Quotes Compare while providing an initial rate between a true ARM and a true fixed-rate mortgage. Compare the quotes for the loan program you prefer using the shopping chart located on page three of the good faith. Just Locked In a 3.75% Fixed Rate 30-Year Mortgage.

Now if 1 point got you a fixed rate of 3.75% this would make sense even though the APR would be considerably higher then the 3.75 you are quoted. it is difficult to determine what the actual interest rate is on your loan and if it is a good rate or.

How to Pay Off your Mortgage in 5 Years Just Locked In a 3.75% Fixed Rate 30-Year Mortgage. This lowered the yield on the 10-year treasury note, which is used to set mortgage rates. It may seem odd to use a 10-year bond to set 30-year mortgage rates, but they do this because the average mortgage is paid off in less than 10 years as folks refinance a mortgage or move.

After turning over all our docs, our mortgage lender has preliminarily said that he can offer us 3.75% for a 30 year fixed. I’d take that offer. Of course, it depends on what that 3.75% is costing you in the way of points. That looks pretty good to me. It’s a great offer if there are 0 lender fees and 0 points.

A note about mortgage points: One way to get the best mortgage rates is to pay "points," or upfront interest paid to the bank that secures a lower long-term interest rate on your home loan. One point generally costs 1% of the total loan amount, so paying 1 point on a $200,000 mortgage would add $2,000 in upfront costs.

. cut expectations definitely correlate quite well with movement in longer term rates like 10yr Treasury yields and mortgages. Markets think the Fed stands a very good chance to cut rates by July–a.

Mortgage Rates Vs Apr Mortgage Rate vs. APR: What's the Difference? – ValuePenguin – Mortgage lenders usually describe their home loans in terms of APR instead of rate. Find out why the two numbers are different and what consequences that can .

Mortgage rates improved again today rounding out an entire week of gains. They’re nothing to shake a stick at, either. Although the most prevalently-quoted 30yr fixed rate for top tier borrowers will.