Rates shown are based on a conforming, first-lien purchase mortgage loan amount of $250,000 for a single-family, owner-occupied residence with a maximum loan-to-value ratio of 75%, a 0. The APR shown is based on interest rate, points and certain estimated finance charges. The Annual Percentage Rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Interested in refinancing your home? View our refinance rates. Sign up for the newsletter Feel like theres no chance you can buy a house You may be better off renting anyway. Learn more about estimated mortgage payments. ARM) and assume a 30-year repayment term.įHA, VA and other mortgage loan terms and programs are available. *Adjustable Rate Mortgage (ARM) interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/6 mo. The average monthly mortgage payment is currently 2,823 for a 30-year fixed mortgage. Your actual rate may be higher or lower than those shown based on information relating to these factors as determined after you apply.įor your personalized rate quote, contact a Mortgage Loan Officer today. Interest rates for the most popular 30-year fixed mortgage averaged around 6.84 in the month of July. Rates shown are based on a conforming, first-lien purchase mortgage loan amount of $250,000 for a single-family, owner-occupied residence with a maximum loan-to-value ratio of 75%, a 0.25% interest rate discount, 1 2 for a qualified client with automatic payments from an eligible KeyBank checking account, mortgage rate lock period of 60 days, an excellent credit profile including a FICO score of 740 or higher, and a debt-to-income ratio of 36% or lower. Some homeowners can’t keep up with their mortgage payments once the interest rate on their ARM jumps up. What to know about the above purchase mortgage rates:
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