Today’s Rates


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A mortgage rate is the interest you pay on your home loan over the life of the loan. Your monthly mortgage payment includes interest, plus a portion of the remaining principal balance. A lower interest rate means lower monthly payments. Even a 1% difference in rates can save you a significant amount of money over the life of the loan.

One thing you must know is that mortgage rates are driven by various factors and can change daily. Some things that may cause this fluctuation:

  • State of the Economy
    When the economy is strong, rates often go up. When the economy is weak, rates tend to go down. Mortgage lenders also analyze data to forecast economic growth or contraction and set rates accordingly.
  • Federal Reserve Activity and Inflation
    To keep inflation in check, the Federal Reserve controls the amount of money flowing through the economy by increasing or decreasing interest rates. When necessary, it inserts more cash into the economy through the purchase of Treasury bonds. This promotes economic activity and lowers interest rates.
  • World Events
    When a crisis or significant event is happening internationally or domestically, there can be economic uncertainty, which impacts investor confidence and can affect interest rates.
  • Borrower Profile
    Beyond the economic factors above, your mortgage rate also depends on your financial situation. This includes your credit score, loan amount and loan terms, the type of home you’re buying, down payment amount, whether you pay discount points, and more.


Contact Us

119 East Main Street
Visalia, CA 93291

NMLS #1842388


Brendan John Farrell
NMLS #294123
Licensed in CA


© 2021 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity. NMLS# 1850
Licensed by the Dept. of Business Oversight under the CRMLA