According to https://www.mortgagenewsdaily.com/news/01192023-big-llpa-changes, the interest rate currently is around 6.2% This rate is for the "optimum" candidate, as interest rates will vary depending on the borrower's credit, income, type of job, etc.
The interest rates have been much more "stable" lately than in 2022, although we have ahead of us possible rate hikes and other economic factors to move through before the ideas of lower interest rates ahead... https://www.mortgagenewsdaily.com/markets/mortgage-rates-01272023
Originally, we were told locally (in Ukiah, Willits, Mendocino County and Western Lake County) that the interest rates should come down a bit by summer 2023, but right now that remains to be seen!
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