What time of day do mortgage rates come out
Although interest rates are dropping, they are still higher than they were at this time in the previous year when they sat at 3.96 percent. Currently, even with the downward trend, rates are sitting at just over four and a half percent. Shorter, 15-year fix rate loans are lower than the previous year – if just barely. Mortgage Closing Costs: What They Are and How Much You’ll Pay. Mortgage closing costs run from 2% to 5% of the loan cost, including property taxes, mortgage insurance and more.