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Rates &
Indicators
Rate Chg
30 Year Fixed 6.750%
15 Year Fixed 6.625%
10 yr fxd arm 6.500%
7 yr fxd arm 6.375%
5 yr fxd arm 6.250%
5yr fxd opt arm* 3.875%
5yr fxd I/O arm* .375%
*5yr opt arm apr 6.875%
as of 3/10/2010


 Know Your Budget
How Much Home Can I Afford?
$    Amount you plan to use for the down payment.
$    Amount you plan to pay each month.
    Years you plan to finance the mortgage.
% Interest rate you plan to get on your loan.

$    This is the approx. cost you can afford.

There's no point wasting time and energy house-hunting before you know what you can afford. So your next step is to assess your finances:
  • Find out about interest rates
  • Understand your closing costs
  • Figure out your income, debt and down payment
  • Calculate how much home you can afford!

 

 
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