Is 1.99% the lowest and best mortgage rate?
Looking for a mortgage update? Why pay a whopping 2.69% mortgage interest rate when you can lock in 1.99% mortgage interest rate - we’ll compare these different mortgage interest rates and explain why the lowest mortgage interest rate may not be the best mortgage interest rate!
We compare two 30 year fixed mortgage rates and a 15 year mortgage rate - all fixed rate mortgages - plus explain the difference in mortgage interest rates and mortgage interest charges between the 30 year fixed mortgage and the 15 year mortgage...you’ll see why people often say that it’s worth going with a 15 year mortgage! This is a classic battle of 30 year mortgage vs 15 year mortgage! A big thanks to Mike Micci at Redwood Mortgage for running these lowest mortgage rates for us!
Here are the mortgage scenarios and lowest mortgage rates discussed in the video:
Difference - $139,550 in mortgage interest
Remember that rates and terms are subject to change without notice at any time.
Looking for LA real estate and OC real estate that you could use a loan like the ones we discussed? Here’s a link to detached homes that are $625,000 and under. Visit and register for automatic real estate reports directly from the MLS -