Here are some links where you can get an idea of current mortgage rates. But what do these rates actually reflect? Well, simply put, they reflect the “price” of borrowing money against a home. Yep, the price of money… well technically credit (borrowed money), but you get the idea. Why do you have to pay extra money to get money? The answer to that is a long one and the topic for another post.
Any questions? Feel free to comment.