Current Mortgage Rates & The Best Mortgage Caluculator

What are the current mortgage rates? It depends on many factors but the current average mortgage rates are below in the historical mortgage rate chart as well as my favorite mortgage calculator. Remember, mortgage rates always fluctuate. Our parents and grandparents were likely paying upwards of a 12% - 15% mortgage rate in the 80's. They did it knowing purchasing a home of their own was one of the best ways to invest in their long term wealth and home security. The rates trickled down, reaching historic lows and have now leveled out around 6% - 7% (as of the time we're writing this). My opinion is, it's always a great time to purchase a home or an investment property. It's always a great idea to invest in yourself. You can pay interest on your mortgage will building equity or you can pay the equivalent of 100% interest to a landlord. Refinancing is always a potential as well. 

While the rates are shown below, many things affect your actual rate including credit score, amount of down payment, employment, income etc. Use my favorite mortgage calculator below to get a good idea however the best first step is knowing your purchasing power and connect with a reputable, skilled LOCAL lender. I have my favorites. Reach out to me and I'll CONNECT you with great lender.