08/04/2026
Your blended rate is the average interest rate across all of your debt, including your mortgage, credit cards, auto loans, and other balances.
While your mortgage may have a low interest rate, higher-rate debt can significantly increase your overall borrowing costs.
Understanding your blended rate gives you a clearer picture of what you're really paying in interest and can help you make more informed financial decisions.
Could a new mortgage help lower your blended rate?
In some situations, a new mortgage may help homeowners consolidate higher-interest debt into a more manageable payment while potentially lowering their overall blended rate.
This is not a guarantee to extend consumer credit as defined by Section 1026.2 of Regulation Z. Programs, interest rates, terms and fees are subject to change without notice. All loans are subject to credit approval and property appraisal. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org)
https://myoc.io/spierpont
NMLS ID 141727