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Rates on a 15-year mortgage stand at an average 6.29% for purchase and 6.29% for refinance — down 1 basis point from 6.30% for purchase and 1 basis point from 6.30% for refinance this time last ...
The current average interest rate for a 30-year fixed mortgage is 6.90% for purchase and 6.91% for refinance — up 4 basis points from 6.86% for purchase and 5 basis points from 6.86% for ...
The current average interest rate for a 30-year fixed mortgage is 6.18% for purchase and 6.16% for refinance — down 6 basis points from 6.24% for purchase and 12 basis points from 6.28% for ...
The current average interest rate for a 30-year fixed mortgage is 6.73% for purchase and 6.76% for refinance — down 6 basis points from 6.79% for purchase and 5 basis points from 6.81% for ...
The fact that a fixed-rate mortgage has a higher starting interest rate does not indicate that it is a worse type of borrowing than an adjustable-rate mortgage. If interest rates rise, the ARM will cost more, but the FRM will cost the same. In effect, the lender has agreed to take the interest rate risk on a fixed-rate loan.
Rates on a 15-year mortgage stand at an average 6.76% for purchase and 6.84% for refinance, an increase of 3 basis points from 6.73% for purchase and 7 basis points from 6.77% for refinance over ...
Rates on a 15-year mortgage stand at an average 6.56% for purchase and 6.59% for refinance, down 6 basis points from 6.62% for purchase and 4 basis points from 6.63% for refinance this time last week.
The National Association of Realtors does expect mortgage rates to steady in the 6% range by year's end, but it will take a lot of ups and downs to arrive there ultimately.