Today's Interest Rates from Realty Times are based on a 30 year amortization rate, with good credit and no origination fees.
Economic news hasn't been as good as the Fed would like to hear. Wall
Street thinks another rate cut is inorder at the next Fed meeting. Mortgage
rates are reacting positively today with a slight decrease.
5.75%
Falling
How do we get our rates?
Most mortgage rate surveys contain old data, sometimes a week old as in
Freddie Mac's weekly interest rate survey. Still other mortgage rate
services poll different lenders in such a confusing format that it's hard to
understand with such polls being nothing more than lenders advertisements.
Our mortgage rates are culled from actual rate sheets from major lenders
each and every day as soon as they're released. The rates are fresh and
accurate and benefit our readers with no bias towards one lender or another.
Published: December 4, 2007
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