Is 4 Percent Interest Rate Good

Georgia’s economy had a strong June, adding 14,200 jobs while the unemployment rate slipped to its lowest level in 17 years. In a sign of strong hiring, the jobless rate is slipped from 4. percent.

Current Balloon Mortgage Rates The advantage of this loan is a lower mortgage rate and payment. If, for example, 30-year fixed rates are 4.00 percent, a five year balloon mortgage might have an interest rate of 2.5 percent. For a $200,000 home loan, the 30-year loan payment would be $955, while the balloon mortgage payment would be $790.

There’s no doubt that buying a car is expensive. The average price of a new car is more than $36,000, and a used car costs more than $20,000 on average. However, for many buyers, a car’s price doesn’t tell the.

This is Old News when rates were higher than today.Per CNNMoney.com Lowering Mortgage Rates to 4.5% may not be the answer to saving the real estate market. While Treasury officials are not saying, lobbyists said Thursday it is aimed at reducing rates to 4.50%. The 4.5% rate would only apply to peope buying homes, not refinancing.

Simple Interest Formula - MathHelp.com - Math Help For example, consider a rate of 3 percent on a 5/1 ARM compared to 4.375 percent on a 30-year fixed mortgage. The extra 1.375 percent in rate savings equates to $14,000 in payment savings over 5.

Current Mortgage Interest Rate Trend Included in these results are average interest rates for both 30-year and 15-year. This survey is considered a reliable source for tracking mortgage rate trends and is. Based on the current 30-year mortgage rate average (4.1%), below are .

40 Year Fixed Rate Mortgage Lenders NerdWallet’s mortgage rate tool can help you find competitive, 20-year fixed mortgage rates customized for your needs. Just enter some information about the type of loan you’re looking for and.Refinance 40 Year Mortgage Rates What Is prime rate today The prime rate (aka prime lending rate) is the best interest rate that banks offer the most creditworthy borrowers. average current prime rates are typically calculated by taking the federal funds rate and adding a 3% margin.Use the mortgage refinance calculator to sort through a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home.. 21 years, 22 years, 23 years, 24 years, 25 years, 30 years, 35 years, 40 years. X.. Total length of your current mortgage in years.

Good Rates Are relative. fixed-rate mortgage rates in the 3-percent range were virtually unheard of in the decades prior to 2012, according to average interest-rate data from Freddie Mac. As of the time of publication, the average rate on a 30-year fixed, conforming mortgage was just less than 4 percent, making rates in the 3-percent range "good.".

No sir, every interest rate that I have locked this month has been below 4%! Please call my office at your convenience, 515-727-6126, I am a licensed mortgage broker in West Des Moines and I have the lowest interest rates and closing costs available on the market! Have a good weekend

Federal Interest Rate History Chart Chart. rates, accelerated depreciation, ‘temporary’ investment expensing and other stimulus. That lack of pent-up demand also means that cutting interest rates now is unlikely to entice businesses.

The average student loan interest rate changes periodically, and has varied substantially over time, with rates starting of around 6.94% or greater for different types of student loans when variable interest rates were first introduced for student loans in the early 90s and then dropping down to below 4% for some loans in the 2010 year.