can anyone tell me how much my mortgage rate might

[marisanj]

be for my 1st house here are my credit scores? trans union-779experian-772equifax-726I make about 60-65k yr and have about 50 k available for downpayment/closing costs.the only "debt" i have is a car payment of 250.00 a month.I more than likely will go for a 30 yr morgage.If this matters.

[Ayssa V]

You have a very good credit score. The current conventional mortgage rates are 6.75%. Something will depend on the value of the house and the amount you need to borrow. You get better rates the more you put down. A loan of 90% of the appraised value gives you a good rate but a loan of only 80% to appraised value gives you an even better rate.

[Jim C]

If you want to lower the interest rate, you might want to buy some "points." Points are prepaid interest, which is equal to 1percent of the loan amount. So, if you buy 1 point on a $100,000 mortgage, you pay $1,000...The more points you buy, the lower your interest rate over the life of the mortgage. Also, look at a 15 year mortgage. Just because the term is twice as long, the payments are not. Also, if you can, put down at least 20% down payment so you don't have to pay private mortgage insurance (PMI) Good luck.