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The current average interest rate for a 30-year fixed mortgage is 7.02% for purchase and 7.05% for refinance — up 2 basis points from 7.00% for purchase and no change from 7.05% for refinance ...
Here’s an example assuming a borrower with a 30-year fixed-rate loan who decides to do a 30-year refinance after five years. This example also assumes $7,000 in closing costs. This example also ...
As of Oct. 24, the average 30-year fixed refinance interest rate is 6.57 percent and the average 15-year fixed rate is 5.92 percent. For ARMs, the average 5/1 ARM refinance rate is 5.93 percent ...
The current average rate for a 30-year fixed mortgage is 7.03% for purchase and 7.06% for refinance — up 4 basis points from 6.99% for purchase and 5 basis points from 7.01% for refinance last ...
It looks like some mortgage interest rates are falling today, but not 30-year fixed rates. That ticked up to 7.29%, adding to the 19 basis points it jumped in the last week.
2. Consider a no-closing-cost refinance. One way to get a low-cost refinance is to avoid closing costs altogether. With a no-closing-cost refinance, you don’t incur any upfront fees. That can ...
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