You want to know if you're getting a good interest rate, whether you're refinancing or purchasing. Here's a tool you can use to figure out if you're getting a good rate.
So this is the CFPB or Consumer Financial Protection Bureau.
On the website, you can put it in your credit score range. We're going to do 740 to 759. Choose your state I'm in Ohio. Put in your purchase price, we're going to say 250. Put in your down payment of 5%. Put in what type of loan we're going to see fixed 30-year conventional loan. And what we can see is in Ohio, most lenders in our data are offering rates at, or below 3.125%.
So you can see nine lenders are offering this. They're not going to show you what lenders are, but you now know if you have those criteria, you shouldn't be expecting a 3.125%, or possibly lower. There are a couple of lenders offering 2.875. So use that for your refinance purchase to see if you're getting a good rate.