Mortgage Calculator

Mortgage Rates

Mortgage Rates  |  Mortgage Widgets

Mortgage Calculator / Mortgage Rates
Last updated: Sep 24, 2021
3.024% APR 30 Year Fixed
$1,038 / month
Rate: 2.875%
Fees: $4,828
Lock: 45 days
Points: 1.931
View Details
SPONSORED
2.881% APR 30 Year Fixed
$1,021 / month
Rate: 2.750%
Fees: $4,270
Lock: 45 days
Points: 1.708
View Details
SPONSORED
2.993% APR 30 Year Fixed
$1,038 / month
Rate: 2.875%
Fees: $3,832
Lock: 30 days
Points: 1.533
View Details
SPONSORED
2.803% APR 30 Year Fixed
$1,005 / month
Rate: 2.625%
Fees: $5,887
Lock: 30 days
Points: 1.941
View Details
3.398% APR 30 Year Fixed
$1,089 / month
Rate: 3.250%
Fees: $4,688
Lock: 30 days
Points: 1.375
View Details
2.865% APR 30 Year Fixed
$1,021 / month
Rate: 2.750%
Fees: $3,750
Lock: 30 days
Points: 1.500
View Details
2.993% APR 30 Year Fixed
$1,038 / month
Rate: 2.875%
Fees: $3,832
Lock: 30 days
Points: 1.533
View Details
3.024% APR 30 Year Fixed
$1,038 / month
Rate: 2.875%
Fees: $4,828
Lock: 45 days
Points: 1.931
View Details
2.783% APR 30 Year Fixed
$1,005 / month
Rate: 2.625%
Fees: $5,200
Lock: 45 days
Points: 1.880
View Details
2.977% APR 30 Year Fixed
$1,031 / month
Rate: 2.825%
Fees: $4,942
Lock: 60 days
Points: 1.977
View Details
2.722% APR 30 Year Fixed
$1,005 / month
Rate: 2.625%
Fees: $3,178
Lock: 45 days
Points: 1.271
View Details
3.029% APR 30 Year Fixed
$1,038 / month
Rate: 2.875%
Fees: $5,000
Lock: 30 days
Points: 2.000
View Details
2.945% APR 30 Year Fixed
$1,021 / month
Rate: 2.750%
Fees: $6,376
Lock: 30 days
Points: 1.899
View Details
2.645% APR 30 Year Fixed
$988 / month
Rate: 2.500%
Fees: $4,790
Lock: 30 days
Points: 1.916
View Details
3.272% APR 30 Year Fixed
$1,071 / month
Rate: 3.125%
Fees: $4,688
Lock: 30 days
Points: 1.375
View Details
2.626% APR 30 Year Fixed
$988 / month
Rate: 2.500%
Fees: $4,158
Lock: 30 days
Points: 1.663
View Details
2.881% APR 30 Year Fixed
$1,021 / month
Rate: 2.750%
Fees: $4,270
Lock: 45 days
Points: 1.708
View Details
3.017% APR 30 Year Fixed
$1,038 / month
Rate: 2.875%
Fees: $4,588
Lock: 45 days
Points: 1.495
View Details
  • Pay Off Higher Interest Rates Credit Cards, Pay College Tuition
  • Cash Out, Debt Consolidation Options Available
  • Offers Flexible Terms from 8 to 30 Years
  • Over 170k Positive Reviews, A+ Rating With BBB
View Details
  • Certified Pre-Approval Process
  • Customized Rate Quotes, no SSN or Hard Credit Pull
  • 24 x 7 Online Customer Portal Access
View Details
  • Refinance your home
  • Competitively low rates at loanDepot - apply now
  • See if you could save on your loan with a lower interest rate
View Details
Interest Rates By State
  Alabama mortgage rates
  Alaska mortgage rates
  Arizona mortgage rates
  Arkansas mortgage rates
  California mortgage rates
  Colorado mortgage rates
  Connecticut mortgage rates
  Delaware mortgage rates
  District of Columbia mortgage rates
  Florida mortgage rates
  Georgia mortgage rates
  Hawaii mortgage rates
  Idaho mortgage rates
  Illinois mortgage rates
  Indiana mortgage rates
  Iowa mortgage rates
  Kansas mortgage rates
  Kentucky mortgage rates
  Louisiana mortgage rates
  Maine mortgage rates
  Maryland mortgage rates
  Massachusetts mortgage rates
  Michigan mortgage rates
  Minnesota mortgage rates
  Mississippi mortgage rates
  Missouri mortgage rates
  Montana mortgage rates
  Nebraska mortgage rates
  Nevada mortgage rates
  New Hampshire mortgage rates
  New Jersey mortgage rates
  New Mexico mortgage rates
  New York mortgage rates
  North Carolina mortgage rates
  North Dakota mortgage rates
  Ohio mortgage rates
  Oklahoma mortgage rates
  Oregon mortgage rates
  Pennsylvania mortgage rates
  Rhode Island mortgage rates
  South Carolina mortgage rates
  South Dakota mortgage rates
  Tennessee mortgage rates
  Texas mortgage rates
  Utah mortgage rates
  Vermont mortgage rates
  Virginia mortgage rates
  Washington mortgage rates
  West Virginia mortgage rates
  Wisconsin mortgage rates
  Wyoming mortgage rates

What you need to know about Mortgage Rates

For homeowners or those looking to buy their first home, mortgage rates are perhaps one of the most critical mechanisms of home purchasing. With long reaching financial implications, it's essential to fully arm yourself with as much knowledge about how mortgage rates work, what determines their rate and the influencing factors that change them. With this knowledge it puts you in a far stronger position to make decisions by clearly understanding the forces that impact rates.

Trying to predict mortgage rates

One of the biggest misconceptions is that mortgage rates should follow and equal the Federal Reserve's benchmark interest rate - in fact due to the intricate nature of the markets the opposite is actually far more likely. The market conditions that are good for the Federal Reserve are often not so favorable for mortgage borrowers. It's important to understand the function, and differences, of the two rates. The Federal Reserve has a far shorter-term outlook whereas mortgage rates are based on a much longer economic outlook - the most commonly held US mortgage is a 30-year term loan and requires a far deeper analysis. Far more accurate is to follow the 10-year United States Treasury note as a predictor of the movement of mortgage rates.

The economy and mortgage rates

There is no clear formula that determines mortgage rates; in fact very few financial products have so many factors that can influence them and to understand them you have to understand the secondary market where mortgages are bought and sold.

Mortgages are bought and sold on as securities that for all purposes operate like bonds. This is what powers the mortgage market and without this secondary market mortgages would be far harder to secure for consumers. Your lender does not set your mortgage rate, rather it is set by the rates at which investors on the secondary market are prepared to buy.

When the economy is performing strongly, investors are more likely to diversify away from the relative safety of bonds therefore to continue to attract investors, lenders offer higher yields on mortgage bonds which in turn means an increase in mortgage rates - likewise a downturn in the economy makes mortgage bonds a high demand product for investors therefore lowering the yield demanded and in turn mortgage rates. It's a classic economic example of simple supply and demand, but with many moving parts.

It's essential to not only closely monitor mortgage rates but to understand the bigger picture that controls the market. While nobody can accurately predict market movements, knowledge holds the key to making informed decisions that can closely follow market trends, potentially saving you thousands over the life of your mortgage.

Copyright © 2008-2021 MLCALC.COM. All rights reserved. Terms of Use  |  Privacy  |  Contact Us

Mortgage Rates
$250,000
Points, Loan Types and Products