What is the lowest fixed-rate mortgage you’ve seen advertised lately?
Written By: admin on January 25, 2010
One Comment
Can you give me the name of the company? I’d like to refinance as soon as possible and am shopping for a new home loan. So far most lenders I’ve come across are charging over 6% but I’ve heard of a few reputable ones out there that are charging much less but don’t know who they are. Do you know of any? Can you help me? I can find out for myself if I qualify. (No brokers please, just names of mortgage companies).
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Tags: fixed rates mortgage, home loan, lenders, mortgage companiesTags: home loan, lenders, mortgage companies
Hello Ms. americaneedtowakeup,
My experience has taught me one thing when it comes to rates… no matter how we shop a loan around… utlimately the rate shops you!
Why? Well just visit Yahoo! Finance and look at:
Today’s Average Mortgage Rates the quote for a 30-yr Fixed is recorded at 6.05%
Now to qualify for that rate you must meet the guidelines of score and loan to value requirement set by the lender.
Another excellent point to keep in mind…let’s say that you qualify for that rate… if you choose to pay extra, you can buy down the rate and get a lower rate. As a wrap… our credit score will affect the rate we get….and ultimately the rate shops us.
Hope this helps.
Daisy