Is 3.5 A Good Mortgage Rate

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.".

Mortgage Rates Today Houston View today’s mortgage rates for fixed and adjustable-rate loans. Get a custom rate based on your purchase price, down payment amount and ZIP code and explore your home loan options at Bank of America.

If your interest rate is so good that the bank just made a bad bet in giving you that low rate, you might want to continue enjoying the benefits as long as possible. In many other circumstances, paying off the mortgage can be a fine money management move indeed.

Jumbo Construction Loan Rates Jumbo Loans If you’re dreaming extra big, we offer fixed- and adjustable-rate program options with higher-than-conventional loan limits. Whether you are purchasing a home, refinancing, renovating or building a home, we have options for your unique financing needs.

Mortgage Rates Back to 3.5% for Some. If you have a truly ideal credit profile and loan scenario, a few of the more aggressive lenders are quoting conforming, 30yr fixed mortgage rates at 3.5% today. Almost all other lenders are only an eighth of a point higher at 3.625% for top tier scenarios. This is a rate landscape.

“Mortgage rates fell this week and have yet to account for yesterday's. yield on the 10-year Treasury fell to 2.54 percent, its lowest level of the year.. 2018, refinance activity increased 3.5 percent from a year ago,” said Bob.

The median home price in the U.S. is roughly $200,000. Over 30 years at a 3.5% fixed rate mortgage you’ll end up paying almost $125,000 in interest over the course of the loan. At a 6% mortgage rate, the total interest cost comes to more than $231,000, more than the actual mortgage itself.

“Those people were not good candidates for ARMs. If the LIBOR rate, which started at 2.5 percent, goes up to 3.5 percent and the margin is 1.5 percent, the mortgage rate would adjust to 5 percent.

Los Angeles Mortgage Rate Los Rates Mortgage Angeles – Logancountywv – Los Angeles, CA Conforming Mortgage Rates and Refinance. – You will find banks, credit unions and mortgage companies listed offering today’s Los Angeles, CA conforming mortgage rates and Los Angeles, CA conforming refinance rates. Fixed conventional mortgages in Los Angeles, CA are available in terms of 40 years, 30 years, 20 years, and 15.

May 2019 mortgage rates forecast (FHA, VA, USDA, Conventional). Loan With 3.5% Down vs Conventional 97 With 3% Down June 8, 2017 – 6 min read private mortgage insurance (PMI) Is Neither "good. mortgage rates drop After Weeks of Gains – "Slightly weaker inflation and labor economic data caused mortgage rates to dip this week. Moving into.

That sounds like a rate on a 15 yr mortgage. I have not seen a 3.5% rate on a 30 yr mortgage in more than a year. If yours is in fact a 30 yr mortgage and you are not buying down the rate, I am amazed.

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