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Mortgage and refinance rates have decreased a little since last Saturday, and more drastically since this time last month. Rates are at historic lows overall.
Fixed mortgage rates are better deals than adjustable rates right now. Fixed rates are starting lower than ARM rates. It’s impossible for rates to stay this low forever, so with an ARM, your rate will probably increase in the future. You probably want to lock-in an all-time rate for the entire life of your loan.
If you’re financially ready to buy a home or refinance, it could be a good day to lock in a rate.
Conventional rates from Money.com; government-backed rates from RedVentures
Learn more and get offers from multiple lenders.»
Mortgage rates are low in general. Adjustable rates are higher than fixed rates, though.
Rates for conventional mortgages (which might be what you think of “normal mortgages”) are at historic lows. But mortgages backed by the FHA and VA offer even lower rates. Government-backed mortgages are great options if you’re eligible to apply.
Conventional rates from Money.com; government-backed rates from RedVentures
Click here to compare offers from refinancing lenders »
Refinance rates are low today. But keep in mind that mortgage refinance rates are usually higher than purchase…
