What are interest rates today?

“What are interest rates today?”

***ANSWER:
That used to be a simple question with a simple answer. But now, even if you’re just asking about today’s fixed rate, you have to answer these questions:

1. Fixed for 3,5,7,10,15, or 30 years?
2. Interest only or amortized?
3. Amortized for 15 or 30 years?
4. No doc or full doc?
5. Conforming or jumbo
6. The rate to close today or if you lock in?
7. How long do you need to lock in: 15, 30, 45, or 60 days?
8. How many points: 0, .5, 1, 1.5, 2, more?
9. What’s your FICO score?

And because I’m not a lender, I’m probably even missing a few more variables.

If you’re looking for a home loan, I know a great lender. Just call me at (858)457-KENT and we’ll put you in touch with them.

Selling San Diego Investment Property