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While barely moving at all, mortgage rates were mixed again this week, but seem poised for another leg down in the days ahead. The average offered rate for a 30-year fixed-rate mortgage as tracked by freddie mac rose by two basis points (0.02%) to move to 3.84%, the first increase for the benchmark U.S. mortgage in eight weeks.
Compare 15 year fixed mortgage rates by various lenders & check out trends for 15 year mortgage rates by looking at charts & graphs for last 6 months.
15- and 20-year fixed-rate mortgages. With a short loan term and lower interest rate, a 15- or 20-year fixed-rate mortgage can help you pay off your home faster and build equity more quickly, although your monthly payments will be higher than with a 30-year loan. The 15- and 20-year fixed-rate mortgages are especially popular for refinancing.
Freddie Mac said the 30-year benchmark mortgage rate fell 10 basis points to 4.31% in the week ending March 14. The 15-year fixed rate fell to 3.76% from 3.83%, while the 5-year hybrid adjustable rate.
After falling more than a half percentage point the past four months, mortgage rates rebounded. and are in addition to the.
Washington 15-Year Fixed Jumbo Mortgage. Fixed Rate/Adjustable Rate Jumbo – APR’s are based on a 600,000 loan for a purchase transaction of an owner occupied, single-family residence, and up to 70% loan-to-value ratio in Washington. Rates must be valid for an applicant with a 740 FICO score. Rates are subject to change without notice.
15 year fixed mortgage rates. 15 year fixed mortgages are popular choices for homeowners looking for a combination of stable monthly payments,a shortened loan life of 15 years versus a more traditional 30 year mortgage, and lower rates. 15 year fixed mortgage refinance are a great fit for homeowners looking to pay off their loan sooner, while taking advantage of today’s attractive mortgage.
At the current average rate. Monthly payments on a 15-year fixed refinance at that rate will cost around $700 per $100,000 borrowed. That’s clearly much higher than the monthly payment would be on.
After soaring to seven-year highs in November, mortgage rates have been on a steady decline. It was 4.41 percent a week ago and 4.38 percent a year ago. The 15-year fixed-rate average fell to 3.81.