It is inappropriate to blindly quote you current mortgage rates over the web because the rate and costs vary with your situation.
Loan to Value (the larger your downpayment, the better the mortgage rate)
Credit Score (the higher your score, the better your mortgage interest rates)
Loan Term (the shorter your period, the better your home loan rates)
Purpose (purchase vs rate & terms refinance vs cash-out refinance can make a difference)
Usage (primary residence vs second home vs investment property makes a difference)
Property Type (detached single family home vs condo / townhome vs two-to-four units makes a difference)
Don't be deceived by low APR quotes either. How long you intend to hold onto the loan makes a big difference in whether you should go with the lowest cost (possibly higher APR) or lowest APR (often higher upfront costs). Here is a great loan comparison tool so you can make more of an apples-to-apples comparison. The "cross-over" point identifies your break-even between upfront costs and lower rates.
Below are the average mortgage interest rates during the last week. This should give you a ballpark of what mortgage rates you might expect.
However, home loan interest rates can and do rise and fall daily, and sometimes multiple times during the day.
Call (858) 442-1322 for a real-time mortgage rate quote that takes into consideration your situation.
Contact us for a free, no obligation, consultation.
Robert T. Boyer, Ph.D. - NMLS# 288732
WJ Bradley Mortgage Capital Corp.
Robert.Boyer@WJBradley.com
(858) 442-1322
