Today's Mortgage rates

[manadonga]

3 hours ago, AryaD said:

In bankrate.com you can get current rates but you need to consider the loan origination charges and points . It varies by lender .Any lender can give you for whatever rate you asked but they increase the points . The goal should be get the loan for low rate and low points or lender credits (this is ideal )

Points ante enti 

[phatposts]

45 minutes ago, manadonga said:

Points ante enti 

It is like prepaid interest. 

You pay for points - in exchange you get a lower rate. 

If you have plans to stay in that house for a long time it will make sense. Otherwise it may not. 

Enta pay chestunnav, enta save avtondi, breakevern ennallu - choosukovali. 

If you sell or refi the house before breakeven - bank wins. 

If  you keep after the breakeven period - you win. 

[playboys]

1 minute ago, phatposts said:

It is like prepaid interest. 

You pay for points - in exchange you get a lower rate. 

If you have plans to stay in that house for a long time it will make sense. Otherwise it may not. 

Enta pay chestunnav, enta save avtondi, breakevern ennallu - choosukovali. 

If you sell or refi the house before breakeven - bank wins. 

If  you keep after the breakeven period - you win. 

Nice explanation 🙏

[Kielmitau]

From my experience, you should check your local bank rates. It really differs depending on what country you live in. For example, for France 2,5% is a really good one for 15 years, but in my home country it will be 5-8% for 15 years. Mortgage is a very messy and muddy thing, where everybody tries to rob you: the bank, the agency, the broker, etc. You should do lots of research before you sign anything or consult a professional. Mortgage Advice Cambridge has helped me a lot actually, before them I was ready to sign a totally unprofitable contract.