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The fixed rate for a 15-year mortgage is 5.63%, up 22 basis points from last week's average 5.41%. These figures are lower than a year ago, when rates averaged 7.63% for a 30-year term and 6.92% ...
Average 30-year fixed rates dipped closer to 6.00%, while 15-year fixed rates dropped under 5.50%, continuing weekslong declines that are good news for prospective homebuyers waiting for lower ...
Average mortgage rates on popular 30-year and 15-year terms appear to be easing down as of Wednesday, May 8, 2024, after spiking above 7% after the Fed's hold on key benchmark interest rates amid ...
In the U.S., the fixed rate mortgage term is usually up to 30 years (15 and 30 being the most common), although longer terms may be offered in certain circumstances. Freddie Mac conducts a weekly survey of lenders on the rates and points for the most popular mortgage products. [7]
The fixed rate for a 15-year mortgage is 5.15%, down 12 basis points from last week's average 5.27%. These figures are lower than a year ago, when rates averaged 7.19% for a 30-year term and 6.54% ...
Sam Khater, Freddie Mac's chief economist, says of the April 18 report, “The 30-year fixed-rate mortgage surpassed 7 percent for the first time this year, jumping from 6.88 percent to 7.10 ...
Rates for a 15-year mortgage stand at an average 6.67% for purchase and 6.75% for refinance, down 2 basis points from 6.69% for purchase and from 6.77% for refinance over the past week. The ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.