Quick Answer: Who Has The Lowest Home Loan Interest Rate?

Which bank has the lowest home loan interest rate?

At present, all the top lenders such as SBI, HDFC, LIC, Axis Bank, Bank of Baroda, DHFL, ICICI Bank among others are offering low-interest rates on home loans.

The lowest rate is 8.50% per annum is available at these banks.

So, if you match the eligibility, you can get the loan at these rates.

What are today’s mortgage rates?

Mortgage rates today (APR)

Loan typeAverage rateChange 1 year
30-year fixed mortgage rate4.08%0.75%
15-year fixed mortgage rate3.62%0.73%
5/1 ARM mortgage rate4.26%0.71%

What are today’s mortgage rates for 30 year fixed?

Current Mortgage and Refinance Rates

ProductInterest RateAPR
Conforming and Government Loans
30-Year Fixed Rate3.75%3.874%
30-Year Fixed-Rate VA3.25%3.571%
20-Year Fixed Rate3.625%3.768%

8 more rows

Is 4 a good mortgage rate?

Build your credit.

Right now, an interest rate around 4 percent is considered good, says Tim Milauskas, a loan officer at First Home Mortgage in Millersville, Maryland. If you’re able to boost your credit, you could save a lot in interest. “Generally, a 100-point increase can save a buyer tremendously,” Milauskas says.