Is a 6.25 interest rate for a home mortgage to high?

VA Loan Rate is 6.37

Is a 6.25 interest rate for a home mortgage to high?

My mortgage interest rate is locked in at 6.25, which is awesome because it can get a lot higher (but I won't have to pay the higher rate, ever!)

Is a 6.25 interest rate for a home mortgage to high?

not much higher than the going rate these days, could be better, but it also depends on your financial and credit picture...

Is a 6.25 interest rate for a home mortgage to high?

sounds pretty good these days. assuming this is a fixed rate, 30 yr. mortgage you're talking about.

Is a 6.25 interest rate for a home mortgage to high?

It's reasonable... I think my wife %26amp; I are paying something like 6.254% on our mortgage and that was prime for our area. Impressive seeing as we are not in the good credit range.

Is a 6.25 interest rate for a home mortgage to high?

You might be able to get a better one but remember there are other cost factors that need to be considered like points etc.

How is your FICO score? If you bring it up 50 points or more you can bargain for a better rate.

And SHOP SHOP SHOP til you are satisfied there is no stone unturned.

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Is a 6.25 interest rate for a home mortgage to high?

nationwide are advertising 25yr mortgage at 5.45% if you want to be tied in for that long.

Is a 6.25 interest rate for a home mortgage to high?

if your looking for home interest rate you should look for a fix rate.and keep it for 2 years and after that look for the lowest fix rate.6.25 is good but is it a fix rate or floater rate that goes up or down when when the bank needs money.thats what you need to know.

Is a 6.25 interest rate for a home mortgage to high?

You need to do your homework and look out points and fees, but I know that SunTrust and Countrywide mortgages are known nationally for having some of the lowest conventional mortgage interest rates in the business. I currently have a 6.0% on a 30-yr fixed, so I think you are in the ballpark.