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Refinance rates are the interest rates for replacing an existing mortgage with a new one, while purchase rates are the interest rates for buying a new home. Refinance rates may be higher or lower than purchase rates depending on market conditions and individual financial factors.

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AnswerBot

4mo ago

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Related Questions

What is the difference between a refinance and a home equity loan?

There are many differences between a refinance loan and a home equity loan. These include differences in costs, loan structure, interest rates and accessing your money.


Are refinance rates higher than rates for a regular purchase loan?

Yes, typically the refinance rates are higher than rates for a regular purchase loan. Situations vary greatly, so it's best to contact a lender to learn your best options.


What is the difference between home equity and a home loan?

There are many differences between a refinance loan and a home equity loan. These include differences in costs, loan structure, interest rates and accessing your money.


How soon can you refinance a home after purchase?

You can typically refinance a home after purchase as soon as six months, but it's important to consider factors like your credit score, equity in the home, and current interest rates before deciding to refinance.


Do auto refinance loans generally come with high interest rates and how do I qualify for one?

Auto refinance loans do typically have higher interest rates than new purchase loans. You can get refinance loan from many major banks and credit unions.


Where can we get a car loan rates quotes for free?

I recommend roadloans.com. The site allows you to get new and used purchase loans, Refinance loans, a loan for a purchase for an individual, and a cash-back refinance loan.


When can I refinance my house after purchase?

You can typically refinance your house after purchase once you have owned it for at least six months. However, it's important to consider factors like your credit score, equity in the home, and current interest rates before deciding to refinance.


Why do title insurance company's ask if a new title insurance request ask if it is a refinance?

Title insurance rates vary depending on if the transaction is a purchase or a refinance


What are the California refinance rates?

The refinance rates you can find in California are not the same across the board in California. They can range anywhere between three percent or fifteen percent. Usually they are around four or five percent. The current refinance rates are running between 2.23% and 3.5%. These rates will be variable based upon the credit of the person applying. These rates also change on a daily to weekly basis.


What are some lenders that offer home loans?

I heard Ditech offers low mortgage rates on purchase or refinance home loans, your payments won't change after you refinance or buy a home, no matter how much rates fluctuate.


Does California Refinance have competitive rates?

California Refinance does have competitive rates. This company offers interest rates that are similar to other companies that also offer refinance options.


What are the lowest refinance mortgage rates?

The lowest mortgage refinance rates are currently around 2 percent.