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Today's Mortgage Rates in Alabama

Mortgage rates can change daily and vary widely depending on a borrower's situation.   


Interest rates can vary by the loan program, the term you choose, your credit score, your down payment, and many other factors.  


These are NOT today's rates for Impact Mortgage Group!

Here you'll find the averaged LOCKED rates from 30% of all lenders nationwide.  This information is aggregated daily, unlike other rate indices which are reported weekly or monthly which represent historical data and don't account for recent market fluctuations.


The other tabs will break down a little more information that shows you the variances based on credit score and loan-to-value (LTV) as well as overall rate trends.

For an even more detailed look at the breakdown of interest rates that are specific to various credit score and LTV ranges, visit this page.

The OBMMI™ methodology is straightforward, simply taking the average rate of all appropriate locks locked through the Optimal Blue product eligibility and pricing engine on a given day. No adjustments to the rates that account for buy-up or buy-down decisions made by individuals are performed.

These indices leverage data from Optimal Blue PPE lock requests (approximately 30% of all locks nationwide) aggregated on a daily basis and updated nightly with the previous day’s locks. Weekends and holidays are excluded due to lack of data. All applicable product types are included unless otherwise specified, and the breakdown of customer types is by mortgage company (82.49%), bank (15.30%), credit union (1.92%), and service provider (0.30%).

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