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We’ve assumed 6.90 percent interest on the 30-year term and 6.24 interest on the 15-year term, based on Bankrate’s national survey of lenders as of July 24.
Freddie Mac reports an average 6.60% for a 30-year fixed-rate mortgage, down 9 basis points from last week's average 6.69%, according to its weekly Prime Mortgage Market Survey of nationwide ...
See today's average mortgage rates for a 30-year fixed mortgage, 15 ... interest rate for a 30-year fixed mortgage is 6.96% for purchase and 6.98% for refinance — up 4 basis points from 6.92% ...
Continue reading → The post 30-Year vs. 15-Year Mortgage: These Charts Show Which Is Better appeared first on SmartAsset Blog. When applying for a mortgage, one of the most consequential ...
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.
While the 15-year loan payments are higher, the total interest would be $201,225, whereas the interest on the 30-year loan would be $507,834. So, should you get a 15-year mortgage?
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