Compare Today's Mortgage Rates
Current Mortgage Rate
Rates may vary by state and are subject to change without notice.
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Compare Rates for All Home Loan Types
Conforming Loans
| PROGRAM | RATE | DAILY CHANGE | APR | DAILY CHANGE |
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Government Loans
| PROGRAM | RATE | DAILY CHANGE | APR | DAILY CHANGE |
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Jumbo Loans
| PROGRAM | RATE | DAILY CHANGE | APR | DAILY CHANGE |
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Rates and fees
The APRs listed above are estimates and do not include all applicable fees.
The APR on your LE includes fees applicable to your loan and may differ
What is a Mortgage Loan Interest Rate?
A mortgage rate is the interest rate on your home loan. There are many factors that go into deciding what your interest rate will be when securing a mortgage. These include inflation, the Federal Reserve, the yield on the 10-year Treasury note, your credit score and the mortgage company’s specific fees. Your monthly mortgage payment will include the interest you owe on your outstanding loan balance and a portion of the principal itself. How does the Interest Rate differ from the Annual Percentage Rate (APR)?
The interest rate is the rate on the loan itself and does not take into account closing costs. The APR is the interest rate with the closing costs or closing credits accounted in it. The APR provides a more direct comparison across loans if the same types of costs are included in each home loan. Are mortgage rates the only aspect to consider when choosing between lenders?
A 4% mortgage rate versus a 3% mortgage rate may not seem like a huge difference, but that one-percentage point translates into at least a 10% difference in the monthly mortgage payment. Although our rate and monthly payments are a large factor when choosing a mortgage, it is also important to focus on the level of service that different lenders provide. General Disclosures
• Sample payment does not include taxes, insurance or assessments. Mortgage Insurance Premium (MIP) is required for all FHA loans and Private Mortgage Insurance (PMI) is required for all conventional loans where the LTV is greater than 80%.
• Mortgage interest rates shown are based on a 40-day rate lock period.
• The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly earnings percentage.
• These mortgage rates are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score.
365 Lending, LLC
P: (833) 382 – 3338
F: (248) 382 – 3338
E: Info@365-Lending.com
6230 Orchard Lake Rd, STE 115
West Bloomfield, MI 48322 USA
NMLS # 2318316
Complaints may be directed to:
Phone: (833) 382 - 3338 or
Email: help@365-lending.com
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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. © Copyright 2020, 365 Lending, LLC. NMLS #: 2318316. All rights reserved.