Interest Only Mortgage Rates

Interest only mortgage rates can fluctuate for a variety of reasons. Economic conditions, such as inflation and unemployment rates, can have a significant impact on mortgage rates. In addition, changes in monetary policy from the Federal Reserve can also affect interest rates.

When interest rates are low, it can be a good time for borrowers to consider an interest only mortgage. These types of mortgages allow borrowers to pay only the interest on the loan for a certain period of time before they are required to start paying off the principal. This can be a good option for borrowers who expect their income to increase in the future and want to keep their monthly mortgage payments low in the meantime.

To access our current interest rates, take a look at the interest rate tables published here. On your right you’ll find updated rates for Purchase and Refinance interest only mortgages. Do you have a question regarding your rates and qualifications? Reach out to our interest only mortgage rate specialist and get the answers you need.