Is 3.75% a good interest rate for a mortgage?

-What is the average interest rate that first time homebuyers, or any homebuyer, gets?

-What decides how high or low an interest rate is?

-Is an interest rate the same for everyone across the board at a given time or, does it vary at all times?(I ask because, i hear a lot of "this is the best time to buy a home/interest rates are at an all time low)

Thanks!

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  • Hugh
    Lv 6
    3 years ago

    For Credit and finance solutions I always visit this website where you can find all the solutions. http://creditandfinancesolutions.info/index.html?s...

    RE :Is 3.75% a good interest rate for a mortgage?

    -What is the average interest rate that first time homebuyers, or any homebuyer, gets?

    -What decides how high or low an interest rate is?

    -Is an interest rate the same for everyone across the board at a given time or, does it vary at all times?(I ask because, i hear a lot of "this is the best time to buy a home/interest rates are at an all time low)

    Thanks!

    Follow 4 answers

    Source(s): For Credit and finance solutions I always visit this website where you can find all the solutions. http://creditandfinancesolutions.info/index.html?s...
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  • 7 years ago

    It depends on the country, How much the inflation rate is. In my country where the banks suck the life out of every home-buyer. The lowest that I have seen is 4,75% and on top of that comes the inflation rate that they try to keep under 2,5% but never can. So I would be happy with 3,75% I'm paying 6,9% now.

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  • Anonymous
    3 years ago

    Hey I am here for the first time. I came across this question and I find the replies truly helpful. I hope to offer something back and assist others too.

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  • bobbie
    Lv 4
    3 years ago

    I am sorry I don't know about this

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  • 7 years ago

    y e s

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