What is the current interest rate?

Interest rate ranges vary based on the loan type, borrower profile, and market conditions.

  • Credit Score: Higher scores = better rates.
  • Down Payment: Larger down payment often means lower rate.
  • Loan Term: Shorter terms usually come with lower rates.
  • Loan Type: Government-backed loans (FHA, VA, USDA) have different rate structures.
  • Market Trends: Mortgage rates fluctuate daily based on inflation, bond yields, and Federal Reserve policies.

Sites like OHFA’s ohiohome.org show daily updated rates in Ohio.

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