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The current average rate for a 30-year fixed mortgage is 7.01% for purchase and 7.05% for refinance — jumping 17 basis points from 6.84% for purchase and 20 basis points from 6.85% for refinance ...
Yes, a 1% drop in mortgage rates can save you a significant amount, but waiting for rates to fall by 2% or 3% can be even more worthwhile. For example, if you borrow $400,000 at 3% APR instead of ...
The current average interest rate for a 30-year fixed mortgage is 6.91% for purchase and 6.83% for refinance, down 12 basis points from 7.03% for purchase and 6.99% for refinance last Tuesday.
The current average interest rate for a 30-year fixed mortgage is 7.00% for purchase and 7.05% for refinance, up 21 basis points from 6.79% for purchase and up 29 basis points from 6.76% for ...
Rates for a 15-year mortgage stand at an average 6.24% for purchase and 6.25% for refinance, down 1 basis point from 6.25% for purchase and 1 basis point 6.26% for refinance this time last week.
Based on the chart above, this implies that borrowers in the top credit tiers could see rates below 5.5%, while lower-credit borrowers would likely still get mortgage rates in the 6% range or higher.
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