Mortgage® rate updates
Rates move little in
2025
Your mortgage rate doesn’t have to be a guessing game. Just a slight difference in your rate can save you hundreds over time. Mortgage King helps you explore your options and find the most competitive rate based on your unique situation. We’re here to help you make a confident, informed decision—no pressure, just possibilities
Your mortgage rate shouldn’t be a guessing game.
Even a small difference in your rate could save you hundreds—maybe thousands—over time. At Mortgage King, we help you explore all your options and secure the most competitive rate tailored to your unique situation. No pressure, just expert guidance to help you make confident, informed decisions every step of the way.
Get the right rate for you. All of you.
You're more than a rate
Rates are important. But they're just one part of your overall financial picture. Here's how we figure out what's right for you.
Nice to meet you
We get to know you first.
What are your plans?
What you're hoping to do, now and in the future, will guide next steps.
Here are your options
We'll help you decide what makes sense for you – at the right rate and monthly payment.
How lower rates can help home buyers
Lower rates equal a lower monthly payment. That can mean getting approved to spend more on a home – which helps with higher home prices. Here are some options you could have.
Discount points
You pay upfront to get a lower rate on your mortgage. The cost? One point is 1% of your loan amount. The savings? A point lowers your interest rate by 0.25%.
Temporary buydown
A temporary buydown lowers your rate for a limited time. A good example is our exclusive Welcome Home RateBreak.®
Affordable loans
Eligible buyers can get credit toward their down payment or closing costs – both ways to lower your monthly payment. Explore our affordable loans.
Rates won't go much lower. What's next?
You may be wondering if it's time to revisit plans you put on hold. We can help you answer that question and more.
Cash-out options
Homeowners have historically high levels of home equity – and you can use it to get cash. Discover your options.
Change your rate, payment or term
Life may look different compared to when you got your mortgage. Explore what a different mortgage could do for you.
Sell your home and buy another
Home equity has risen; rates have come down. If it's time to move, we can help you buy, sell and save.
What determines your
Mortgage rate?
Credit score
Higher credit scores typically get lower rates because they predict you’re more likely to pay back your mortgage.
Debt-to-income ratio
Lower debt predicts you’re more likely to be able to pay your mortgage. So a lower DTI can mean a lower interest rate.
Market conditions
The Federal Reserve, inflation and the housing market all influence mortgage rates.
Terms to know
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What's an interest rate?
It's a percentage you're charged to borrow money, applied to your loan amount.
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What's APR?
Annual percentage rate is interest rate with the fees to process your mortgage added on.
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What's a fixed-rate mortgage?
It means your interest rate stays the same for as long as you have the loan.
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Who's the Fed?
The Federal Reserve is the central bank of the U.S. It controls the interest rate banks charge to borrow money – including for mortgages.