What is the current 30 year fixed rate?

vince · Joined: 08 Sep 2008 Posts: 1 1.27 Dollars($)

adonis · Posted: Tue Sep 09, 2008 12:40 am Post subject:

The national average 30 year mortgage rate is now around 6%. It was 6.5% last week and has dropped down due to the Federal government's intiative to take control over Freddie Mac and Fannie Mae.

gmakerley · Posted: Tue Sep 09, 2008 10:47 am Post subject:

asking what today's rate is doesn't really hold any relevance in the overall scheme of things these days.

it may be instructive to know what the national average rate is, but every loan is a separate entity, and rates are determined far more by percentage of down payment, credit score(s) of the borrower(s), purpose of the loan (purchase, refinance, etc.), occupany (primary, secondary, etc.).

there are way too many variables to allow any of us to quote a rate based on an open-ended question such as posed here.

chrisburns · Posted: Tue Sep 09, 2008 1:21 pm Post subject:

Looks like they are headed down into the low fives par.

There would be other factors that would affect your personal rates such as credit, LTV, Assets, and your firstborn's middle name.

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