Answers

Is 5.875 30 yr fix mortgage rate good?

yes very good. Besure to read the fine print and make sure that it isn't an interductury rate. Also, are you paying points to get it that low? If you are look at the rate with no points and calculate the difference to see how long it takes make back the money you paid in points. If it's more than 5 years, go for the higher interest rate with no points. good luck

Best Answer:

yes very good. Besure to read the fine print and make sure that it isn't an interductury rate. Also, are you paying points to get it that low? If you are look at the rate with no points and calculate the difference to see how long it takes make back the money you paid in points. If it's more than 5 years, go for the higher interest rate with no points. good luck

Answers:

wmwiv - 2008-01-04 16:40:04 +0000
Yes, the current average is 6.07 percent.

the wild child rock star - 2008-01-04 16:41:48 +0000
YES try and keep it as long as you can. that is the same as i have. there going to try and get you to re morgage. but dont. the money you can get is not worth it. you may never see it that low again. at lest not in the next 20 years. maybe 50 years

Matt K - 2008-01-04 16:46:43 +0000
It's very good for now - to the extent it sounds like you are paying points for this rate.

Grisham - 2008-01-04 16:47:46 +0000
yes, I just closed at 6%. But they baited me with the 5.75. So be aware, it may go up if you don't lock in.

ted f - 2008-01-04 17:03:19 +0000
5.875 is very close to a par rate meaning you didnt pay and the lender didnt pay a rebate to the broker 5.75 is doable today and maybe a bit better. depending on your term and credit score try directlendingplanet.com if anyone can beat that rate they would

tampabaycreditdoctor - 2008-01-04 17:21:38 +0000
Yes, it is and in many places there is no cost to you for that rate.