Mortgage Rates

It’s our goal to provide low mortgage rates and a fast, easy mortgage process from application to closing. From first-time home buyers to seasoned homeowners, we want you to feel comfortable and confident with the process because the less you spend on your mortgage, the more you can spend on the things you love!


What is a Mortgage Rate?

A mortgage rate is the interest rate on your home loan. There are many factors that go into deciding what your interest rate will be when securing a mortgage. These include inflation, the Federal Reserve, the yield on the 10-year Treasury note, your credit score and the mortgage company’s specific fees. Your monthly mortgage payment will include the interest you owe on your outstanding loan balance and a portion of the principal itself.

Are mortgage rates the only aspect to consider when choosing between lenders?

A 4% mortgage rate versus a 3% mortgage rate may not seem like a huge difference, but that one-percentage point translates into at least a 10% difference in the monthly mortgage payment. Although our rate and monthly payments are a large factor when choosing a mortgage, it is also important to focus on the level of service that different lenders provide. Take into consideration the level of expertise of the loan officer. Are they knowledgeable about new laws and regulations regarding home loans? Ask about the speed of the process before making a final decision. Consider the lender’s reputation, ability to provide guidance for a smooth transaction (especially for a first-time homebuyer), and other costs such as points and fees, and APR.