What is a typical interest rate on a home loan?

So, I want to buy a house and want to know what a decent interest rate is. Assume that the loan will be $300,000. I want to be realistic about it, I don't want a 'low' rate, but give me a normal rate that I would be likely to get today. I live in UT if the rates change state to state.|||As the others said, it is impossible to quote you a rate.





How much down payment you are bringing in, how long a term you are looking for, your credit score, and many other factors will be applicable.





What I would suggest is to sit down with a local mortgage broker, perhaps where you bank would be a good place to start, and get a quote.





I would caution you to not just look at interest rate, compare the entire loan package. Closing costs, prepayment penalties, points and such can make a great rate into a lousy loan. Internet lenders are great for this, quoting a fantastic rate, then charging all sorts of fees to get this rate.|||There is no one that can quote a rate of any type with accuracy without knowing your credit score, the mortgage loan program you are qualified for,as each program has a rate of it's own.





There is no such thing as an normal interest rate,a gain each mortgage loan is unique in it's own as the borrower with the same credit score might not get the same interest rate based on one factor on his credit report.





If you are looking for a range of current interest rate which would have no effect on the rate you would get, then you would be better served to look in your local newspaper. They would report the lowest rate for the day. Currently interest rates are as low as 2.75% for an adjustable or 4.25% for a thirty year fixed rate.





Your rate would be based on your credit score, a ratio as established by your lender as well as how you have paid your debts listed on your credit report.





I hope this has been of some benefit to you, good luck.








"FIGHT ON"|||Anyone that quotes you a rate based on the information you have given, is not doing you any favors. There are many factors that go into what rate you get, such as;





Property type


Property occupancy


Credit Score


Loan to Value


Location


Loan Amount


Loan Type





Your rate on 300K could be anywhere from 2.5% on a 5/1 ARM to 10% for a hard money private investor loan. If you want a rate, you need to see a licensed loan officer and provide details of your specific scenario. any other answer you get is 100% useless.|||It depends upon your credit and the type of mortgage.





Go here:





http://www.bankrate.com/