Compare Loan Rates
Lenders determine current mortgage rates by adding points to wholesale mortgage rate pricing, as shown below. Typically, between one and two points are added to the price column, with 100 being the even par price. One point is equal to one percent of the loan amount. For example, the 30 year fixed mortgage rate of 3.875% may cost about 1.5 points, or a rate of 4.25% could be zero points.