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Refinancing from a 30-year mortgage to a 15-year mortgage can save you a significant amount of money in interest and pay off your mortgage sooner. ... Interest savings over term. $265,000. 30 ...
Rates on a 15-year mortgage stand at an average 6.04% for purchase and 6.05% for refinance, up 15 basis points from 6.19% for purchase and 9 basis points from 6.14% for refinance over the past week.
The average rate for shorter 15-year terms is 6.25% for purchase and 6.24% for refinance, down 9 basis points from 6.34% for purchase and 11 basis points from 6.35% for refinance this time last week.
Rates on a 15-year mortgage stand at an average 6.15% for purchase and 6.20% for refinance — down 7 basis points from 6.22% for purchase and no change from 6.20% for refinance this time last week.
Now say about 15 years into the loan, you’ve paid $86,551 toward the principal and $257,499 in interest and you want to refinance the remaining $233,449 of your principal balance with a new 15 ...
Rates on a 15-year mortgage stand at an average 6.30% for purchase and 6.33% for refinance, down 4 basis points from 6.34% for purchase and 1 basis point from 6.34% for refinance this time last week.
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