Birmingham Alabama Home Mortgage
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Alabama Mortgage
PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 4.09% 4.16%
15 year fixed Graph Icon Arrow 3.25% 3.30%
5/1 ARM Graph Icon Arrow 3.28% 3.36%

 Rate disclaimer

PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.09% 4.17%
15 year fixed refi Graph Icon Arrow 3.25% 3.34%
10 year fixed refi Graph Icon Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.20% 3.20%
48 month used car loan Graph Icon Arrow 3.18% 3.19%
60 month new car loan Graph Icon Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.24% 1.24%
2 Year CD Graph Icon Arrow 1.41% 1.41%
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%

Mortgage Brokers & Lenders Directory

You can search our directory or Mortage Brokers & Lenders and get a current quote on 30 year fixed mortgage rates as well as current mortgage interest rate for other loan programs.

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How Do Home Prices And Mortgage Rates Work In Birmingham, Alabama?

Birmingham is the largest city in Alabama with a population of over 220,000. The town was founded in 1871 and is home to mining, iron and steel industries. The town’s residents are hardworking people from different backgrounds that excel in the industrial sector. Birmingham also houses some well renowned medical and law schools. Those homeowners in Birmingham on the lookout for mortgage refinance and home loans should pay attention now. Like in every other state, there is a specific way home and mortgage prices are linked. Let’s discuss this in detail.

Low Mortgage Rates

Although mortgage rates remain low, the sales have still not increased. Home prices still remain inflated and people are unwilling to risk their hard earned money. Refinancing hasn’t helped either. It has adversely affected the equity of the houses meaning the buyers will not get value for their money.

Home Prices

The expectation for the future is that mortgage rates will rise over the next few years while home prices are expected to be steady. It is very difficult to buy homes at bottom prices because firstly, they aren’t easy to find and secondly, even if you do find them, other buyers will beat to you them. The rates and prices vary across the nation depending on circumstances and location.

How The Two Are Linked

Many believe that the reason for the inflation of property prices is low rates. However, this is completely untrue because home prices and mortgage rates aren’t closely linked. In some cases home prices may rise even if mortgage rates rise. This is down to the fact that not everybody buys property with a mortgage. Economic factors also come into play that can inadvertently affect home prices and rates. is an excellent website for the residents of Birmingham. They can use it to find information related to home loans, refinancing and mortgage rates. We also have a mortgage calculator available that you can use to compare prices and analyze financial data.





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