After declining for three days, 30-year mortgage rates surged Monday. The average now matches last week's high. Rates were ...
The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is ...
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose this week, however, pushing the average rate to 5.89% from 5.83% last week. A year ago ...
Note that rates on 15-year mortgages tend to be lower than rates on 30-year loans, but higher than rates on 10-year loans. The current average rate on a 15-year refinance is 6.75% compared to the ...
One common type of mortgage is a conventional loan with a 15-year fixed interest rate. With a fixed rate, your rate and monthly payment will stay the same throughout the life of the loan.
A 15-year mortgage means larger monthly payments, but a lower interest rate. A 30-year mortgage offers a more affordable ...