←Frequently asked questions

What are the Mortgage Interest Rates on Conventional Loans?

See today's mortgage interest rates here. Then, these are the 7 factors that determine your customized mortgage interest rate:

  1. Your credit score—typically, the higher your credit score, the lower your interest rate
  2. The home’s location—interest rates can vary by state or even by neighborhood
  3. The home’s purchase price and the amount of your loan
  4. Down payment amount—in general, if you put more down, you’ll get a lower interest rate
  5. Loan term—how long you have to repay the loan
  6. Interest rate type—rates vary for fixed- and adjustable-rate mortgages
  7. Loan type—different loans have different eligibility requirements and interest rates

To see what interest rates you’ll be offered on a conventional loan, complete a pre-approval with Better Mortgage. It takes as little as 3 minutes and won’t impact your credit score.

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