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What Is A Mortgage Par Rate And How Does It Work

October 25, 2024 by Robby Oakes

Think of the par rate as the raw, default rate offered by a lender. It’s not the lowest rate you can get, nor is it inflated by any adjustments. Lenders determine the par rate based on a variety of factors, such as current market conditions, your credit score, the loan type, and the loan amount.

Filed Under: Mortgage Rates Tagged With: Mortgage Education, Mortgage Tips, Par Rate Explained

Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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