Current Mortgage Rates: Richmond, VA
3.000% (3.001% APR) 30yrs
2.375% (2.381% APR) 15yrs
as of 10/19/21
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Building on Trust™

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Term Main definition
Initial interest rate
The interest rate that is fixed for some specified number of months at the beginning of the life of a an ARM. The initial rate is sometimes referred to as a "teaser" when it is below the fully indexed interest rate.
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' We found Rate Pro mortgage after working with several other mortgage companies all of whom failed to grasp our complicated financial situation and ... more '
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