30 Year Mortgage Rates Today Investment Property
The 30 year fixed rate mortgage is two basis points lower than one week ago and 106 basis points lower than one year ago.
30 year mortgage rates today investment property. On monday october 05 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 050 with an apr of 3 360. As a rule of thumb you can expect the interest rate on your investment property to be at least 0 50 0 75 higher than the rate on your primary mortgage. On monday october 05 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 050. Compare mortgage rates from multiple lenders in one place.
It s fast free and anonymous. With good credit you might score a 4 fixed interest rate on a 15 year loan or a 4 5 interest rate on a 30 year loan. Rates are quoted as annual percentage rate apr. Investment property mortgage rates can range from 50 to 87 5 percentage points higher than rates on a primary home.
Review current non owner occupied mortgage rates for october 4 2020. Over the course of your entire repayment period you ll save 123 159 in. Use our compare home mortgage loans calculator for rates customized to your specific home financing need. Use annual percentage rate apr which includes fees and costs to compare rates across lenders rates and apr below may include up to 50 in discount points as an upfront cost to borrowers and assume no cash out.
Current mortgage and refinance rates accurate as of 10 05 2020. As an example if mortgage rates for a 30 year fixed rate mortgage on an owner occupied home are averaging about 3 25 you might expect a 30 year investment property loan to have a 3 75 to 4 125 interest rate. On october 2nd 2020 the average rate on the 30 year fixed rate mortgage is 2 962. Select product to see detail.
For example today s live 30 year fixed. The table below enables you to compare non owner occupied mortgage rates and fees for leading lenders in your area.