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The current average interest rate for a 30-year fixed mortgage is 6.79% for purchase and 6.76% for refinance, down 1 basis point from 6.80% for purchase and 1 basis point from 6.77% for refinance ...
The current average rate for a 30-year fixed mortgage is 6.84% for purchase and 6.85% for refinance — up 11 basis points from 6.73% for purchase and 9 basis points from 6.76% for refinance last ...
The current average rate for a 30-year fixed mortgage is 6.54% for purchase and 6.56% for refinance — up 2 basis points from 6.52% for purchase and 2 basis points from 6.54% for refinance last ...
This is a reasonable approximation if the compounding is daily. Also, a nominal interest rate and its corresponding APY are very nearly equal when they are small. For example (fixing some large N), a nominal interest rate of 100% would have an APY of approximately 171%, whereas 5% corresponds to 5.12%, and 1% corresponds to 1.005%.
Mortgage rates for Tuesday, May 14, 2024. 30-year fixed rate — 7.22%. 20-year fixed rate — 7.11%. 15-year fixed rate — 6.80%. 10-year fixed rate — 6.80%. 5/1 adjustable rate mortgage — 6 ...
Mortgage rates open the week steady as of Monday, October 21, 2024, with the average 30-year benchmark at 6.58% — some 40 basis points higher than a month ago, when the Federal Reserve lowered ...
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