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What’s Better? Price Drop or SBD?

For Susie Homebuyer

When looking to buy a home, people often wonder, "Is is Better to reduce the price? or use that same amount of money to Lower the rate, fees and Mortgage Insurance premiums?

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National Rate Averages
Conv. 15-Year Fixed

%

-0.016

Conv. 30-Year Fixed

%

-0.013

FHA 30-Year Fixed

%

-0.021

Jumbo 30-Year Fixed

%

0.006

Conv. 15-Year Fixed
Conv. 30-Year Fixed
FHA 30-Year Fixed
Jumbo 30-Year Fixed
Conv. 15-Year Fixed
Conv. 30-Year Fixed
FHA 30-Year Fixed
Jumbo 30-Year Fixed

Average interest rate values are calculated from actual locked rates with consumers across more than 30% of all mortgage transactions closed nationwide. For more information on how these indices are calculated, read more.