{"id":11414,"date":"2020-05-23T09:01:53","date_gmt":"2020-05-23T15:01:53","guid":{"rendered":"https:\/\/www.richmondamerican.com\/blog\/?p=11414"},"modified":"2025-06-19T10:34:04","modified_gmt":"2025-06-19T16:34:04","slug":"mortgage-rates-in-perspective","status":"publish","type":"post","link":"https:\/\/www.richmondamerican.com\/blog\/mortgage-rates-in-perspective\/","title":{"rendered":"The Truth About Mortgage Rates"},"content":{"rendered":"<p>Afraid you\u2019ve missed the best rates? Good news: They\u2019re still great! See how this year\u2019s mortgage trends stack up against historical averages.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-13534 size-full\" src=\"https:\/\/www.richmondamerican.com\/blog\/wp-content\/uploads\/2018\/11\/2020mortgageratechart.jpg\" alt=\"average interest rate per year graph\" width=\"650\" height=\"426\" srcset=\"https:\/\/www.richmondamerican.com\/blog\/wp-content\/uploads\/2018\/11\/2020mortgageratechart.jpg 650w, https:\/\/www.richmondamerican.com\/blog\/wp-content\/uploads\/2018\/11\/2020mortgageratechart-300x197.jpg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>The takeaway: Rates may fluctuate from week to week, but in general, it&#8217;s a great time to buy a new home. Concentrating on factors you can control (<a href=\"https:\/\/www.richmondamerican.com\/blog\/saving-tips-down-payment\/\" target=\"_blank\" rel=\"noopener noreferrer\">your savings<\/a>, <a href=\"https:\/\/www.richmondamerican.com\/blog\/get-your-credit-mortgage-ready-with-these-8-tips\/\" target=\"_blank\" rel=\"noopener noreferrer\">your credit score<\/a>, your employment record) may help more than waiting for a lower rate.<\/p>\n<p>Contact a loan officer at <a href=\"http:\/\/www.homeamericanmortgage.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">HomeAmerican Mortgage Corporation<\/a> for more information about financing options and loan offers: 866.400.7126.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" style=\"margin-bottom: 20px;\" src=\"https:\/\/www.richmondamerican.com\/Content\/Campaigns\/Media-11785.png\" alt=\"HMC logo\" width=\"220\" height=\"35\" \/><\/p>\n<p class=\"disclaimer\">Rates are based on the average rates per year based on Freddie Mac rate reporting of conforming conventional loans (<a href=\"http:\/\/www.freddiemac.com\/pmms\/pmms30.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"http:\/\/www.freddiemac.com\/pmms\/pmms30.html (opens in a new tab)\">http:\/\/www.freddiemac.com\/pmms\/pmms30.html<\/a>). Mortgage rate information is for general informational purposes only and Richmond American Homes makes no representations as to the accuracy or completeness of this information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Afraid you\u2019ve missed the best rates? Good news: They\u2019re still great! See how this year\u2019s mortgage trends stack up against historical averages. The takeaway: Rates may fluctuate from week to week, but in general, it&#8217;s a great time to buy a new home. Concentrating on factors you can control (your savings, your credit score, your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ub_ctt_via":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[4],"tags":[382,157,206],"featured_image_src":"https:\/\/www.richmondamerican.com\/blog\/wp-content\/uploads\/2018\/11\/HMC30978_RET_V2_W-1.jpg","author_info":{"display_name":"rahblogadmin","author_link":"https:\/\/www.richmondamerican.com\/blog\/author\/rahblogadmin\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>The Truth About Mortgage Rates - Richmond American Homes Blog<\/title>\r\n<meta name=\"description\" content=\"Don\u2019t buy into mortgage rate hype. See for yourself how today\u2019s rates compare to historical averages. You may be surprised!\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.richmondamerican.com\/blog\/mortgage-rates-in-perspective\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"The Truth About Mortgage Rates - Richmond American Homes Blog\" \/>\r\n<meta property=\"og:description\" content=\"Don\u2019t buy into mortgage rate hype. See for yourself how today\u2019s rates compare to historical averages. 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