Contact us

Questions about anything mortgage-related? Just fill out the form below, and one of our agents will get in touch with you shortly.

Home Loan Rates

Understanding home loan rates is key to determining your borrowing costs. Whether you're considering the flexibility of an adjustable-rate mortgage or the stability of a fixed-rate loan, we'll tell you everything you need to know to make an informed decision that aligns with your financial goals.

Apply Now

Master Your Mortgage Rate

How Interest Rates are Determined

Home loan rates are determined by a combination of factors, including market trends like inflation, economic conditions, market supply and demand, and more.

However, there are also several personal factors that impact your mortgage rate. These include:

Credit Score: Your credit score is a measure of your creditworthiness, based on your past borrowing and repayment history. A higher credit score indicates lower risk to lenders, often resulting in lower interest rates. Conversely, a lower credit score can lead to higher rates as lenders charge more to offset the perceived higher risk of default.

Down Payment or Equity: The size of your down payment or the amount of equity you have in a property when refinancing, impacts your loan-to-value ratio (LTV). A higher down payment or more equity generally means a lower LTV, reducing the lender's risk. This can lead to more favorable interest rates, as there's more security for the lender in case of default.

Type of Loan or Refinance: Different types of mortgage loans come with varying interest rates. For example, fixed-rate mortgages often have higher rates than adjustable-rate mortgages (ARMs) initially, but ARMs carry the risk of rate increases over time. The choice between a conventional loan, FHA loan, VA loan, or other types might also affect the rate, as each loan type has different risk profiles and requirements set by lenders or guarantors.

Fixed-Rate vs. Adjustable-Rate Mortgages: Understanding Your Rate Options

Choosing between a fixed-rate and an adjustable-rate mortgage is a crucial aspect of understanding mortgage rates. This decision impacts how much interest you'll pay over the life of your loan and how predictable your payments will be.

Fixed-Rate Mortgages:

With a fixed-rate mortgage, you get the certainty of knowing your interest rate and monthly payments will stay the same throughout the loan term, typically spanning 15, 20, or 30 years. This consistency is invaluable for long-term budget planning.

While the initial rate might be slightly higher than other options, it offers the security of predictable costs, making it an excellent choice if you're settling into your home for the foreseeable future and particularly advantageous when interest rates are favorable.

Adjustable-Rate Mortgages

Adjustable-rate mortgages offer an initial period with a lower interest rate compared to fixed-rate options, leading to potentially lower initial payments. This initial rate remains steady for a predetermined period before adjusting in line with market conditions. 

However, rate caps are in place to limit how much your interest rate can fluctuate, offering some protection against dramatic increases. ARMs are ideal for borrowers who expect to see an increase in their future earnings, plan to move or refinance before the adjustment period, or believe interest rates will remain stable or decrease in the future.

Getting the Best Home Loan Rates

While market conditions are beyond your control, there are several effective strategies you can use to secure more favorable interest rates.

Strengthening Your Financial Profile

Improving your credit score is key to locking in lower rates. This involves paying bills on time, reducing debt, and correcting any errors on your credit report. A strong credit score suggests to lenders that you're a lower-risk borrower, which can qualify you for lower interest rates.

Making a Bigger Down Payment

A larger down payment reduces your loan-to-value ratio, which lowers the lender's risk. This can lead to more favorable interest rates, as you're borrowing less in proportion to the home's value.

Paying Points

“Paying points” means paying an upfront fee to lower your interest rate. One point typically costs 1% of your mortgage amount, which will lower your interest rate. This is a solid strategy if you plan to stay in your home for a long time and want to save on interest over the life of the loan.

Exploring First-Time Buyer Programs

Many first-time homebuyer programs offer lower interest rates, down payment assistance, and other benefits. These programs are designed to make homeownership more accessible and affordable. Don't hesitate to discuss these programs with our agents.

Why Work With Us?

Fast Closing

Fast Closing

Complete your mortgage process in as little as three weeks for a faster home-buying experience.

Expertise at Every Step

Expertise at Every Step

Receive personalized advice from experienced mortgage experts who understand your needs and treat you like family.

Competitive Rates

Competitive Rates

Gain access to the most competitive rates in the market while lowering your long-term mortgage expenses.

Additional Resources



Access key insights from industry leaders on the latest real estate trends. Our podcast is your go-to resource to help you make informed decisions about your purchases and investments.



Whether you're going conventional, VA, or FHA, our mortgage calculators provide monthly payment clarity, ensuring you plan ahead for a seamless homebuying experience.

cta image

Start Your Homeownership Journey

Ready to take the first step toward homeownership? It all begins with a click. Apply now or reach out to our expert team today!
Apply Now