Today's mortgage interest rates are somewhere around 3.5%. However, this figure may change according to the type of mortgage, base rate or lender. Today's mortgage interest rates should not exceed 6%. Therefore, if a lender wants to lure you in with low monthly payments but charges you more than 6% of interests, do not fall for that. Make sure you keep updated regarding interest rates so as not to fall in the claws of predatory lenders taking advantage of inexperienced buyers.
Sometimes today's mortgage interest rates can increase at the end of the set period. For example, if you have bought a mortgage for 12 years, after that the mortgage will change to a variable-rate one and today's mortgage interest rates can increase.