Top Answer
User Avatar
Wiki User
2013-04-19 04:10:27
2013-04-19 04:10:27

The average mortgage rate on the United States has gone down since the recession in 2008. Right now they are averaging between a 4% an a 6%. However, this number depends on a number of factors like the base rate, the Libor, the number of repossessions and the unemployment rate of the country.


Related Questions

The average pnc mortgage interest rate is around 4.64 to 4.85%. Your credit cards can have a bearing on the interest rate if the qualify for the program.

The national average for a 30 year fixed mortgage rate is 4.89%. This rate can either increase or decrease depending on the loan ammount. As of March 6, 2010, the national average mortgage interest rate for a 30 year fixed rate loan is 5.31%. The national average mortgage interest rate for a 15 year fixed rate loan is 4.68%.

The average interest for the lowest refinancing mortgage rate depends on the company and how long one has been paying the loan and the value of what is left. An example is one to four percent interest rate.

Fixed Rate Mortgage vs. Interest Only Mortgage A fixed rate mortgage has the same payment for the entire term of the loan. Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.

The average bank mortgage interest rate is around 3.05 percent. Keep in mind that this may vary based on other factors such as your credit score and the amount of the mortgage.

The mortgage rate in 1965 was about 6%.

The interest rate on a fixed rate mortgage does not change over the life of the loan. An adjustable rate mortgage interest rate may change up or down depending on what the interest rates are, at the contracted time the loan is reviewed.

To write a letter asking for a reduction of your mortgage interest rate, you should include information that will explain why you feel your rate should be reduced, such as national average rates.

The typical interest rate on a new mortgage can range greatly and depends very much on whether it is a fixed or a tracker mortgage. A tracker mortgage follows the national interest rate while the typical fixed interest rate is roughly 3.14%.

A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.

The current interest rate on American mortgages is quite good. You go buy house now

Adjustable rate mortgages are the less-stable version of a home mortgage. As opposed to a fixed-rate home mortgage, an adjustable rate home mortgage is not confined to the single interest rate that is adhered to by a fixed interest mortgage. For example, a fixed interest mortgage charges the same amount of interest regardless of how the prime interest rate for housing fluctuates. In contrast, an adjustable rate mortgage can fluctuate with market conditions, ultimately costing the borrower more.

I am not sure what the rate would be for Idaho, but according to national mortgage rates right now the average 30 year fixed rate is around 4.47 percent.

The types of mortgage loans offered by Jacksonville Mortgage Rates are: Fixed Rate Mortgage, where the interest rate remains the same for the life of the loan, and Adjustable Rate Mortgage in which the interest rate is tied to stock market activity.

The average mortgage rate of May 2009 is around 5.50. The aspect of ongoing purchases of government and mortgage-backed-debt would have helped to keep a lid on rates for the balance in 2009.

ARM usually refers to an adjustable rate mortgage. The interest rate can go up during the life of the loan.ARM usually refers to an adjustable rate mortgage. The interest rate can go up during the life of the loan.ARM usually refers to an adjustable rate mortgage. The interest rate can go up during the life of the loan.ARM usually refers to an adjustable rate mortgage. The interest rate can go up during the life of the loan.

For the average person, a fixed mortgage is better because you can budget for the same mortgage payment for the term or length of the mortgage. The only change would be if your insurance or taxes would go up. With variable interest rate, your mortgage could increase every year due to the increased interest rate.

A good interest rate on a mortgage in 2014 is 4.2 percent. This varies greatly depending on the type of mortgage and the credit score of the applicant.

What the base line interest rates are when you are taking out your mortgage will determine which is the best value. Remember what is the lowest rate now may not be the lowest in a couple of years.

Any interest rate below 5% is a favorable rate currently. This interest rate is a competitive rate.

The average mortgage rate is different for each state. Mortgage rates also vary based on the length of the mortgage and the person's credit score that is applying for the mortgage. To estimate the average mortgage rate for your state you could visit

Mortgage interest rates were around 1.2% in 1968. This was considered to be relatively high back then. However, the interest rate these days is around 4%.

According to the quick search the lowest mortgage interest rate that seems to be available is 2.7%. You can contact your local agent and they can find the best deals for you on average.

A fixed mortgage rate is an interest rate that will not change for the term of the mortgage. This is in contrast to a variable mortgage rate which changes frequently based on the prime rate or other benchmark rate.

An adjustable rate mortgage calculator would be of interest - and use - to you if you were the owner of an adjustable rate mortgage (a mortgage with a potentially fluxuating rate) or if you were considering the purchase of a home under the contract of an adjustable rate mortgage.

Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.