4.25% 30 Year Fixed Rate
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Purpose
State
Loan Amount
Loan Type
GO
Best
FreeRate.com
Refinance
Purchase
Program

Program Rate APR
30-Yr fixed 4.750 % 0.7 to 1
15-Yr fixed 3.750 % 0.7 to 1
5/1 ARM 3.125 % 0.7 to 1
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Planning for the long term on your mortgage

When it comes to getting a mortgage, it is rather important that you do all that you possibly can to make sure that you are getting the best possible rates over the long run. If you are able to do this, then you are going to be able to save quite a bit of money for yourself. A mortgage is a long term loan, and you want to make sure that you are never paying more than you have to on your interest rate.

20 year fixed mortgage rates are great for being able to lock in low rates for customers over the long run. When you are getting 20 year fixed mortgage rates, you are going to be able to lock in whatever rate happens to be dominant at the time in the market. This rate tends to be a little bit above the average mortgage rates that are being offered in the market at the time. The reason for this is because you are gaining a benefit by getting the fixed rate. Therefore, this may be something that you should consider doing when you are trying to find a way for yourself to save money.

When you are getting fixed rate mortgages, you are going to know exactly how much you are going to have to pay on that mortgage each and every month. This means that you can plan things out better. Thus, you are not going to have to scramble around each month worrying about how you are going to make your payments.

The smartest people are going to lock in the lowest mortgage rates while they are available. The average mortgage rates that are available in the market right now are much lower than they usually are in history. This means that it would not be a bad idea at all to try to lock in the rates that are available to you right away. Doing this will help you to be able to keep these historically low rates for decades to come. Being able to do all of this is classic. You are going to be paying the incredibly low rates that we have now for a very long time. Even if you have to refinance your mortgage in order to get these rates, you should absolutely do this. You are going to want to lock things in and not have to worry about how you are going to make your payments anymore.