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  2. Mortgage and refinance rates for Feb. 12, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average interest rate for a 30-year fixed mortgage is 6.91% for purchase and 6.91% for refinance — down 4 basis points from 6.95% for purchase and 4 basis points from 6.95% for ...

  3. Mortgage and refinance rates for Feb. 21, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average rate for a 30-year fixed mortgage is 6.90% for purchase and 6.86% for refinance, down 2 basis points from 6.92% for purchase and unchanged from 6.86% for refinance last Friday.

  4. Mortgage and refinance rates for Jan. 21, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The average rate for shorter 15-year terms is 6.41% for purchase and 6.45% for refinance, an increase of 2 basis points from 6.39% for purchase and 7 basis points from 6.38% for refinance this ...

  5. Mortgage and refinance rates for Dec. 24, 2024: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    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 ...

  6. Mortgage and refinance rates for Jan. 2, 2025: Average rate ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average rate for a 30-year fixed mortgage is 6.99% for purchase and 7.01% for refinance — down 2 basis points from 7.01% for purchase and 4 basis points from 7.05% for refinance last ...

  7. Fixed-rate mortgage - Wikipedia

    en.wikipedia.org/wiki/Fixed-rate_mortgage

    A fixed-rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float". As a result, payment amounts and the duration of the loan are fixed and the person who is responsible for paying back the loan benefits from a ...

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