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Rates on a 15-year mortgage stand at an average 6.30% for purchase and 6.33% for refinance, down 4 basis points from 6.34% for purchase and 1 basis point from 6.34% for refinance this time last week.
After many months of anticipation, interest rates have finally dropped. In September, the Federal Reserve cut its benchmark rate by 50 basis points, lowering it to between 4.75% to 5%, as written ...
The current average interest rate for a 30-year fixed mortgage is 7.10% for purchase and 7.08% for refinance, increasing 6 basis points from 7.04% for purchase and 1 basis point from 7.07% for ...
Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...
The current average interest rate for a 30-year fixed mortgage is 6.73% for purchase and 6.76% for refinance — down 6 basis points from 6.79% for purchase and 5 basis points from 6.81% for ...
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 ...
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