Mortgage Rate as of November 30, 2022
Mortgage Interest Rate: 30-year fixed 6.375% (APR 6.342%), 15 Year Fixed Rate: 5.875% (APR 5.805%)
Loan Term: APR (Annual Percentage Rate) APR is the annual cost of a loan to a borrower, including fees. Like an interest rate, the APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees such as mortgage insurance, most closing costs, discount points and loan origination fees.
Loan common tip: New revised Conforming Loan Limit:
- Single Family $700,000
- Two Family $895,000
- Three Family $1,080,000
- Four Family $1,345,000
Source: Time Mortgage, Englewood Cliffs, NJ
