For example, a borrower with a good credit score and a 20 percent down payment who takes out a 30-year fixed-rate loan for $200,000 with an interest rate of 4.25% instead of 4.75% translates to almost $60 per month in savings – in the first five years, that’s a savings of $3,500.

Prime Interest Rate History The very hallmark of a financial bubble is prices dislocating from current and historical fundamentals. Combined with key interest rates on the rise (including the fed funds rate, LIBOR and the.

Mortgage rates this week. The benchmark 30-year fixed-rate mortgage fell this week to 3.77 percent from 3.83 percent, according to Bankrate’s weekly survey of large lenders.

Like others said, 4.5% is not a bad rate all things considered, the best rates out there for FHA loans are like 3.5% or higher. My wife and I bought a cheaper home recently with income similar to yours and we got a rate just under 4%.

“This is good news for buyers. driven solely by a 12 percent rise in FHA applications,” he added. “Mortgage rates right now are comparable to the average rate of 4.10 percent for June, but.

The unemployment rate in Waikato has fallen to levels not seen in twelve years. its third quarterly economic update.

Then, find a mortgage loan with a good interest rate (do your homework online to look at available rates) and consider asking your lender to (in writing) lock in the rate. But before you formalize the rate lock, consider these things: First, you don’t want to lock in the rate too early on, as rate locks are usually only good for between a few weeks to 60 days, so if your loan doesn’t process within that period, your rate.

 · Mortgage rates may be at an all time low, but there’s still a big difference between a 3 percent and 4 percent rate. We take a look at the factors that determine your mortgage rate and calculate how much you’ll pay. When you start looking to buy a house,

It depends on your state, but 4.125% with credits towards your closing costs if you are getting separate mortgage insurance. If you are getting mortgage insurance included with the rate, then 4.25% is a great rate.

If you spot a good rate and are shopping for a house or could benefit. Refi applications edged up 0.4% last week, and mortgage applications overall were up 2%. Low interest rates are helping to.

Us Bank Mortgage Rates Refinance Use annual percentage rate apr, which includes fees and costs, to compare rates across lenders.Rates and APR below may include up to .50 in discount points as an upfront cost to borrowers. Select product to see detail. Use our Compare Home mortgage loans calculator for rates customized to your specific home financing need.

Conduct a break-even analysis to compare the costs of refinancing against the potential monthly interest savings as a good. the new mortgage term. Say your original mortgage was $300,000 with a.