fairly low – at about 5.55% for a 30-year fixed-rate mortgage. Your credit score and how much your able to put down on a place should determine which route you should go. If you meet with a lender and you can get 6% with the bank vs. an assumable mortgage at 7.25% it’s a no brainer. On the other hand if we hit
national highs like we did in the 70’s then a 6.25% or 7% sound pretty good verses the banks 8, 9 or 10%.