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The current average interest rate for a 30-year fixed mortgage is 7.00% for purchase and 7.05% for refinance, up 21 basis points from 6.79% for purchase and up 29 basis points from 6.76% for ...
Bottom line: Should you refinance in 2024? If you can save on your monthly payment or need to pull cash out of equity, you may want to consider refinancing in 2024.
They serve as part of a broader strategy to dissuade individuals from choosing a competitor. These offers apply whether you're purchasing or constructing a new house, restructuring your current mortgage, financing an investment property, or considering refinancing. Here are some of the common promotional offers used by mortgage lenders:
Rates on a 15-year mortgage stand at an average 6.35% for purchase and 6.35% for refinance, up 20 basis points from 6.15% for purchase and 19 basis points from 6.16% for refinance over the past week.
Rates on a 15-year mortgage stand at an average 6.34% for purchase and 6.34% for refinance, up 14 basis points from 6.20% for purchase and 12 basis points from 6.22% for refinance this time last week.
Rates on a 15-year mortgage stand at an average 6.20% for purchase and 6.22% for refinance, up 16 basis points from 6.04% for purchase and 17 basis points from 6.05% for refinance this time last week.
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