From MSN Money- Mortgage Loan Center- Here are the mortgage annual percentage rates as posted today. National Averages(APR): Low – 5.71% Average – 6.31% High – 7.17%
Here on the Central Coast we are again on the high side of Average. We’ll see if this is going to be a trend.
When chosing who to work with for your purchase mortgage or refinance, I appreciate the position a GOOD Mortgage Broker will have for your loan search. Brokers allow many different banks and funding companies to compete for your loan. GOOD Brokers shop many (at least 5) different sources and generally some larger funders (banks) to ensure the rate, program and terms for your loan are the best for your situation. You benefit when working with a broker rather than walking into “a bank” and simply taking what they offer, brokers shop around on your behalf. When working with a trusted mortgage broker like Team Mortgage, you get that benefit.