Sumary of Current Mortgage Rates — June 11, 2021: All Fixed Rates Drop:
- Your interest savings, however, will amount to $35,411.00 over the life of your repayment period per $100,000 of mortgage debt..
- A mortgage rate lock guarantees you a specific interest rate for a certain period of time — usually 30 days, but you may be able to secure your rate for up to 60 days..
- You’ll generally pay a fee to lock in your mortgage rate, but that way, you’re protected if rates climb between now and when you close on your home loan..
- If you plan to close on your home within the next 30 days, then it pays to lock in your mortgage rate based on today’s rates — especially since they’re very attractive, historically speaking….