Make sure you check all of the fees for your loan!

I usually do a rate check on Monday and Friday mornings, but I decided to check them today and  give you an update. Generally, you see interest rates that range from bank to bank, and from credit score to property, etc., but one very important item  remains wherever and whenever you look. By the way, today's rates can vary anywhere from about 3.75% for a 15 year loan  to 4.75% for a 30 year fixed rate  loan. Another  variable to that  is the fees, and all the fees produce your APR (Annual Percentage Rate) That's why you can look at an annual interest rate and see that the APR is  higher. That means that the rate actually ends up being more with all the fees associated with that loan. The bank will take points, for example, (and other up front fees) , which in effect reduce the amount of the actual loan, although the payment stays the same. When that is done, the new rate reflects the same payment spread out over the term of the loan, which is why the APR can be higher.

Here is a link to an online banking resource for your own overview of the rates.