Mortgage Rates Today

What is the most common phrase that is being uttered around kitchen tables and on the news? It is usually: “Mortgage rates today, what are they doing?” but is this the question that the majority of homeowners should be asking?

Mortgage rates, without question, play a role in your life in regards to financial decisions.  Many people are caught in a game of “playing the mortgage rate market!” Waiting and waiting for a specific number or a specific mortgage rate, or waiting on the Federal Reserve to make a move.  Well, the Federal Reserve has made many moves but what has it done for your financial future?

Understanding Mortgage Rates Today

What if you had the ability to pick your own mortgage rate.  Whatever that number is, you believe is the best! What would it be?  More importantly why? The questions you need to ask are:

  • What is it accomplishing? 

  • What stage of life are you at? 

  • Are you eliminating debt? 

  • Freeing cash flow to save for your retirement? 

Every mortgage website in America offers people the ability to use a mortgage calculator, and we are no different.  However, we want you to use this calculator with a different approach in mind: accomplishing a goal.

Mortgage Rate Calculator

Refi.com Mortgage Rate Calculator

Click on the above.  Before you enter in any numbers, please write down five items bearing in mind mortgage rates today, total mortgage, and five things you want and need to accomplish in a mortgage refinance.  Then plug in your numbers.  Next to those five items you chose, put a percentage of a goal accomplished.  This will be critical in your decision on a refinance!

Goals.  We believe a mortgage is more than a rate or a term.  It can be a powerful financial tool in achieving the necessary goals in your financial life.  Everyone needs a plan; not just for emergencies, but for a pathway of success.  You may be shocked at what goes into a strong plan.  Our friends at Investopedia put together a starting point for a plan here: Financial Planning 101  This is a great guide to get started.

Mortgage rates today: they are more than just numbers.  It is an opportunity for homeowners like yourself, regardless of the market, to achieve their financial goals.  Have a different conversation around the dinner table tonight. Let’s talk, let’s plan, and make a roadmap to success!