What Is a Blended Mortgage Rate? How to Calculate Your Combined Rate on Two Loans

how to determine your blended mortgage rateMany Washington homeowners are carrying two mortgages right now — a first mortgage, often at a rate from years past, plus a home equity line of credit (HELOC) or second mortgage taken out more recently at a higher rate. If that’s your situation, do you know what you’re actually paying across both loans combined?

That’s where the blended rate comes in.

What Is a Blended Mortgage Rate?

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