The Average Mortgage Percent?

Answer The average mortgage interest rate depends on the type of loan being used. There are two basic loan types: conventional loans and government loans. Government loans include FHA and VA loans. Intere... Read More »

Top Q&A For: The Average Mortgage Percent

Is a 6 percent mortgage rate good?

On One Hand: Current mortgage ratesThe national mortgage rate average for April 2010 hovered around 5 percent, according to Mortgage News Daily. A 6 percent mortgage rate adds quite a bit to the lo... Read More »

How do I find a 3 percent mortgage loan?

Purchase a discount point to lower the interest rate of a mortgage. This transaction is determined at the application, when the lender determines the initial interest rate. The borrower can then as... Read More »

Does everyone get the 4 percent mortgage rate?

Not everyone qualifies for a 4 percent mortgage interest rate. Mortgage rates change daily, and many times a rate as low as 4 percent is not available at all. When it is available most likely it wi... Read More »

What percent of your income should go to a mortgage?

No more than 28 percent of your gross income should go toward a mortgage. This figure includes the mortgage principal, interest, taxes and homeowner's insurance. Your total monthly payment is calle... Read More »