Your Questions About Home Loan Rates

James asks…

Should I be looking at APR % rate to see if I am getting the best home loan rates ?

I am looking for a home loan and requesting some quotes from all the lenders.

1)Do I have to look at the APR% in all the quotes and see who is giving me lower rate ?

2) Are there any other factors which I should be looking at to see if I am getting good rate ?

John answers:

Yes APR also considers the fees and adds that to stated rate.

Mary asks…

Which Treasury bond rates which impact on home loan rates 30 yr & 15 yr fixed ?

I heard someone saying that treasury bonds rates which tell you where the home loan rates are going.

I am looking at 30 yr & 15 yr fixed rates.

1)Can someone tell me which specific treasury bond rates will effect these rates ?

2) When treasury bond rates go UP the 30/15 yr fixed rates go UP ?

John answers:

As odd as it seems it is the 10 year.

Rates have been coming down the last 10 days which has been nice.

Michael asks…

which is good bank for home loan in Mumbai. good in all terms like current home loan rates which shold be less?

which is good bank for home loan in Mumbai. good in all terms like current home loan rates which shold be less comp. to other bank and Housing fianance. loan amount will be 13 laks

John answers:

State Bank of India is the best. Rate of interest is lower than any other bank.

Sharon asks…

Can I get all home loan rates in INdia?

I want to see all floating and fixed home loan rates in India. Is there such a website because I don’t want rates only from 4 or 5 banks

John answers:

Try http://ratekhoj.com. I have found Ratekhoj.com to be an excellent site to get home loan rates from most leading Bnaks in India. Compare fixed and floating home loan rates and they also give other useful info such as fees, eligibility, margins etc. Definitely check it out.

Lisa asks…

What are the fixed home loan rates nowadays for a 30 yr loan?

John answers:

4.9

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