Is 5.25% for 30 years an ok mortgage rate?
We applied at the local bank, and were qualified for a conventional loan with 5% down payment, and a interest rate of 5.25% for 30 years. Is this an ok rate?
they said nothing about points, so as far as i know this is w/o buying any points.
That’s a fantastic rate historically speaking. Even for right now, Its very very good. Congratulations!
FHA Mortgage Down Payment Requirements For Minnesota Loans
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Mortgage Payments $10.44 Updated to reflect current rates, these quick reference tables show the size of monthly payments necessary to amortize loans on amounts up to $600,000 over periods ranging from one to 40 years … |
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