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10-06-2007, 10:52 AM
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What is considered a good mortgage rate
nowadays? I understand that it shifts by day, but what is generally considered a realistic average, good, great, and out-of-this-world rate?The situation is: Buyer with FICO of 775, 30 year term with 5-year fixed, no points but closing costs will be there, amount of principle will be 600-650, and amount down will be about 30%. If it matters, I am in California.Thanks!
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10-07-2007, 06:59 AM
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Not sure about all those figures, but I think around 6.5-7 percent is normal/good.
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