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Along with a smaller loan, consider a shorter loan — say, a 15-year mortgage instead of the benchmark 30-year. Yes, your monthly payments will be higher, but your interest rate will be lower.
Freddie Mac reports an average 6.72% for a 30-year fixed-rate mortgage, up 12 basis points from last week's average 6.60%, according to its weekly Prime Mortgage Market Survey of nationwide ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year ... 30-year fixed rate. 7.01%. 20-year fixed rate. 6.75%. 15-year fixed rate ... the new lender pays off your old mortgage ...
Yes, a 1% drop in mortgage rates can save you a significant amount, but waiting for rates to fall by 2% or 3% can be even more worthwhile. For example, if you borrow $400,000 at 3% APR instead of ...
The current average rate for a 30-year fixed mortgage is 6.78% for purchase and 6.75% for refinance, a drop of 13 basis points from 6.91% for purchase and 17 basis points from 6.92% for refinance ...
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