The share of those who say now is a good time to sell a home increased 13 percentage points to 43%, up 4 points from a year ago. Lower mortgage rates are likely behind a surge in housing sentiment,
The short answer is that a fixed rate mortgage at 4% is excellent for those with very good credit as well as being able to meet the other criteria to qualify for a top tier mortgage. You may be able to get a little better rate by going to an adjustable rate whereby you share some of the risk of the market with the investor.
If the guy you are talking to can’t or won’t provide you with these three documents, then he’s hiding something, in my opinion. Note rates on a conforming first mortgage with a score of 720 or better is closer to 4.00 with no discount points and 3.75 with one discount point.
A blog keeping you up to date on current mortgage rates and. to float their 30 year fixed mortgage rate lower from 4.75% to 4.625%.. since last Friday–a good thing considering those levels.
Good Rates Are Relative. Fixed-rate mortgage rates in the 3-percent range were virtually unheard of in the decades prior to 2012, according to average interest-rate data from Freddie Mac. As of the time of publication, the average rate on a 30-year fixed, conforming mortgage was just less than 4 percent, making rates in the 3-percent range "good.".
Is 4.25% good? – myFICO Forums – 704903 – To answer if it is a good rate depends on a number of other items. 4.25 seems lower than the "normal" published rates at the moment. So to address your question one would have to know if it is a 30 year, 20 year, 15 year, adjustable rate mortgage.
In either case, today’s loan quotes are likely to be as good as they’ve been since. That’s why my march 26th headline was "For Mortgage Rates, High 3’s In Sight Once Again," an article which also.
On June 27, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.80 percent with an APR of 3.92 percent.