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Interest rates are simply the price of funds available for borrowing and lending. As with other prices, current interest rates are set by forces of supply and demand. The equilibrium interest rate, or price of loanable funds, is the one at which the quantities of such funds demanded and supplied are equal. The interest rates above are the current national Freddie Mac Mortgage Rates, updated daily. These are indicative rates only and are not meant to be any type of guarantee of rates currently available from ENG Lending. Please note that the rate and payment provided by this calculator are assuming the following: all closing costs paid, LTV of 80% or less, and credit score over 700 points. The quote is in no way indicative of the rate you may qualify for, nor is it intended to constitute investment advice. Please contact one of our mortgage specialists or fill out our 1 minute pre-qual application and a certified loan officer will review and obtain the best possible rate and payment for your situation.
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