What are interest rates in Maine?
Conventional fixed-rate mortgages
| Term | Rate | APR |
|---|---|---|
| 30-year fixed | 5.5% | 5.579% |
| 20-year fixed | 4.99% | 5.094% |
| 15-year fixed | 4.875% | 5.006% |
| 10-year fixed | 4.75% | 4.937% |
What is the average mortgage in Maine?
The current average 30-year fixed mortgage rate in Maine decreased 6 basis points from 5.37% to 5.31%. Maine mortgage rates today are equal to the national average rate of 5.31%.
What is the mortgage rate in Portland Maine?
Today’s rate Today’s mortgage rates in Maine are 5.582% for a 30-year fixed, 4.673% for a 15-year fixed, and 4.516% for a 5-year adjustable-rate mortgage (ARM).
What is the current 30-year refinance rate?
Today’s national 30-year refinance rate trends On Saturday, July 09, 2022, the national average 30-year fixed refinance APR is 5.740%. The average 30-year fixed mortgage APR is 5.760%, according to Bankrate’s latest survey of the nation’s largest refinance lenders.
How much is Maine PMI?
Private mortgage insurance (PMI) is usually between 0.19% and 1.86% of your mortgage balance.
What are Maine’s 30-year fixed rate mortgage rates?
Whether you are looking for a 30-year fixed rate for a new property purchase or are interested in Maine refinance rates for an existing property you are looking to squeeze a little cash out of, you’ll find highly competitive rates compared to national averages. Currently, the 30-year fixed mortgage rate is 3.79%, down from 3.82% in previous weeks.
How much does it cost to get a mortgage in Maine?
Getting a mortgage in Maine 1 Median home price: $184,500 2 Average 30-year fixed rate: 3.79% 3 Median monthly mortgage cost: $1,381 4 Homeownership rate: 72.2%
Are mortgage rates going down in Maine?
Current mortgage rates Maine residents have seen are steadily falling since the massive spike in the early ’80s when the world was suffering its most significant recession since the post-war period.
What is the interest rate for a 30-year refinance?
A 30-year refinance is similar, with a 3.81% rate (down from 3.88%). Other rates include 3.22% for a 15-year fixed, 3.30% for a 5/1 ARM, and 3.80% for a 30-year fixed jumbo.