Mortgage rates are at their highest levels since April 2011. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to 4.90 percent with an average 0.5.
For 2019, the average interest rate on a commercial real estate loan is around 4% to 5%. The actual interest rate you secure on a loan depends on the type of loan you choose, your qualifications as a borrower, and the type of building or project you’re financing.
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On August 16, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.67 percent with an APR of 3.78 percent.
Higher rates apply for jumbo mortgage products up to $750,000 for the 30 and 15 year fixed mortgage. Maximum loan amount is $200,000 for the 5 and 10 year fixed mortgage. Table data for Mortgage – 5 and 10 Year Fixed Rate, No Points, No Closing Costs