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Current Commercial Mortgage Interest Rates

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Current mortgage interest rates for a range of loans, including how the rates work and what criteria affect these mortgage rates. When readers buy products and services discussed on our site, we often earn affiliate commissions that support our work.

Today, current mortgage rates remain at historic lows around 4.15% – with over 63% of homeowners with mortgages paying interest rates between 3.25% and 8.00%, according to the Census Bureau. While rates spiked in the Fall of 2018, we’ve seen a slight dip in rates over the past few months.

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With or without a Fed interest rate hike, the context of low inflation and weak global economic growth seems likely to temper any movement in mortgage rates in the near-term. At the current average 30.

The 15 year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate. But monthly payments are usually higher than with other mortgages.

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The rate will be fixed at the prevailing Maspeth Federal Savings Commercial interest rate for the similar type property. All closing costs will be paid by the borrower and will include, but not limited to, mortgage taxes, appraisal fees, attorney fees and title search fees.

Mortgage rates valid as of 26 Jul 2019 08:33 am CDT and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10.

Average Rates: Approx. 5 to 7 %. If you’ve been in business for 2+ years, plan on occupying at least 51% of the building, and have a credit score above 680, you may qualify for a commercial real estate loan with Northeast Bank. Northeast Bank offers competitive rates & terms on loans up to $5,000,000.