Current Rates: Get Locked Into A Mortgage Rate Today

We can help lock in that rate today.

Purchase Rates

Interest Rates – is the cost the consumer pays to the mortgage lender to borrow funds over a period of time that is a percentage of the loan amount.

APR – the annual percentage rate is the interest rate plus any fees or charges expressed as a yearly percentage.

Come Take Advantage Of Today’s Lowest Rates Before They Go Up!

Rate Change Daily, Even Hourly! We’ll Help You Lock In The Best Rate At The Best Time.

What Does Current Interest Rate Mean?

An interest rate is defined as a portion of the loan that is to be repaid to the bank from the borrower, expressed as an annual percentage.
Mortgage Interest Rates Forecast

It’s hard to predict the future, but from the trend that we’ve been seeing, rates should start creeping back up gradually from here.
How Do I Find Personalized Mortgage Rates?

By entering in factors such as home value and payoff amount, if you’re buying or refinancing, you can get rates that fit your situation.
Are 30-yr Mortgage Rates Dropping?

Currently, rates are going up.

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Your Credit Score Determines Your Rate

Although any moderate to a high credit score will qualify for conventional loans, you must have excellent credit for the best deal. Your credit score largely determines your interest rate. Therefore, the higher the credit score, the lower the interest rate, up to a point. The opposite is also true. For those with poor credit, FHA loans may be a better option.

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Fixed vs Variable

You should know that we need to consider the interest rate applicable to your classic loan. Indeed, the rate can be fixed or variable. For a fixed-rate loan, the conditions are set in advance upon signing the contract. This way, you will know exactly the total cost of your loan sale financing. For a floating rate loan, the installment amount at the time of signing the contract is less than a fixed rate. The value of the loan varies depending on the current market.

Factors Influencing Current Rates

There are many attributing components that affect mortgage rates including economic factors such as consumer spending, inflation, stocks and bonds market, unemployment rate, Treasury yields, and The Federal Reserve policies. Overall, to get the BEST rates, your financial history will determine the rate offered to you.

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HAVE A FEW MORE QUESTIONS?

Our Loan Experts Can Help

What Is The Lowest 15-year Mortgage Rates In History?

The previous record-low 15-year fixed rate was 2.66% in 1991, 2012, and 2013. BUT in 2020, that record went even lower to 2.61%.
Is It Worth Refinancing To A 15-year Mortgage?

Generally speaking, if the interest rate is 1% or lower, it tends to make sense. You would need to calculate the amount of time it takes to recover closing costs to see if you will stay in your home past that point. THen yes, it would be worth it.
Is It Better To Get A 15-year Mortgage Or Pay Extra On A 30-year Mortgage?

This depends on if you’d like more affordable monthly payments versus paying less interest overall.

Spire Financial brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.