Live market
This week's rates, and an alert for the week they drop.
National averages published every Thursday by Freddie Mac. Your rate will differ based on credit, loan type, property and lock date, which is exactly why the alert below comes from a person.
How to read the numbers
What the weekly average does and doesn't tell you.
1
It's a conforming, owner occupied average
Investor DSCR loans price off a different curve, usually 1 to 2 points above the survey. Hard money sits at 10 to 12%. If you're in hard money, the refinance math works in almost any rate environment.
2
Direction matters more than the decimal
A quarter point move on a $600,000 loan is about $100 a month. Watch the trend, set an alert at your number, and let us lock when it hits.
3
Your rate is built, not looked up
Credit score, loan to value, property type, occupancy, points and lock period each move it. A 20 point credit improvement can be worth more than waiting a month for the market.