All About Rates Today

In all my years in the mortgage business I have never seen rates as low as they are today. 30 year fixed rates up to $417,000 is 3.375% and up to $625,000 3.625%. WOW!

So if you have a $400,000 loan and your rate now is 4.5% your payment will be around $2026 and with today’s rate of 3.375% the payment would be about $1768. $250 savings a month. That is a lot of money.

  • You put that $250 towards principal each month, you would pay off your loan in 25 years instead of 30. WOW!!
  • You could take that $250 savings and put it into an education account. Your financial planner would love that! or if you don’t have a financial planner it is time to get one. Mandi Andrei can help you out. She works for Edward Jones and does a fabulous job helping people plan for the future.
  • You could take the $250 and put it in to a vacation savings account. We all need the peace we get from taking vacations.  Sit in the sun and read a good book. Or take a cruise. I love to travel and can think of a lot of things I could do with an extra $250 a month. There are many options.

If you want Mandi’s number or you want to talk about loans, call me. My next post will be about closing costs. A dry subject! but one most people dont understand. By the way there is no such thing as a “no cost” loan. You pay one way or another. In a “no cost loan” you just get a little higher rate and the lender pays your closing costs. With the rates so low that is a very viable option!


About valoliver

I was born in San Francisco, raised in San Mateo. I have three children. I have been in the Mortgage industry for over 30 years.
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2 Responses to All About Rates Today

  1. Diana perkins says:

    Hi Valerie,

    Please take my sincere apology for disturbing you…
    I am Diana, I would like to take the opportunity to be a part of your as a guest writer & want to contribute an article there, absolutely free of charge. I have more than 5 year’s of experience in finance content writing.

    So, it is my humble request to you that kindly give me one chance to prove myself, I can assure you that you will find my writing worthy to be published in your website.
    If you consider to review my work, I will be happy to send you my latest published contents.

    Waiting for your reply


    Diana Perkins

    • valoliver says:

      I just now saw your post. I am really only interested in publishing my own writing. What would be the benefit of having someone like you write posts for me?

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