Mortgage rates vary depending on several factors, including the lender, the type of mortgage, and the borrowers creditworthiness. Therefore, it is difficult to determine a good mortgage rate without considering these factors. However, here are some current average mortgage rates as of October 26, 2023, according to various sources:
- The average APR on a 30-year fixed-rate mortgage is 7.391% .
- The average interest rate for the benchmark 30-year fixed mortgage is 8.04% .
- The average APR for the benchmark 30-year fixed-rate mortgage is 7.99% .
- The current rate for a 30-year fixed-rate mortgage is 7.18% .
It is important to note that mortgage rates can vary from day to day and even hour to hour. Therefore, it is recommended to shop around and compare rates from different lenders to find the best mortgage rate for your specific situation.