Average 15 Year Fixed Mortgage Rate

A 15-year fixed-rate mortgage maintains the same interest rate and monthly payment over the 15-year loan period. The 15 year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate. But monthly payments are usually higher than with other mortgages.

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 · View and compare urrent (updated today) 30 year fixed mortgage interest rates, home loan rates and other bank interest rates. Fixed and ARM, FHA, and VA rates.

Average 15 Year Fixed Mortgage Rate – If you are looking for a lower mortgage payment, then our online mortgage refinance site can help. See how much you can save now.

Mortgage Rates Decrease October 10, 2019. Despite the economic slowdown due to weakening manufacturing and corporate investment, the consumer side of the economy remains on solid ground. The fifty-year low in the unemployment rate combined with low mortgage rates has led to increased homebuyer demand this year.

A 15 year home loan offers the security of a fixed rate program coupled with the accelerated pay down benefits of a shorter term product. Although fifteen years may sound like a long time down the road, you would be amazed at how much more of your payment gets put toward principle with this product rather than that of a 40 year home loan or 30 year fixed rate mortgage (especially at the.

On Tuesday, Oct. 8, 2019, the average rate on a 30-year fixed-rate mortgage dropped three basis points to 3.93%, the rate on the 15-year fixed fell three basis points to 3.48% and the rate on the.

WASHINGTON (AP) – U.S. long-term mortgage rates fell this week, edging toward three-year lows amid signals from Federal Reserve officials that they could cut their benchmark interest rate at their.

A 15-year mortgage has a higher monthly payment than a 30-year since the loan needs to be paid off in half the time. For example, a 15-year loan for $250,000 at 4% interest has a monthly payment.

15 Yr Fixed Refinance Mortgage Rates 5-Year Fixed-Rate Historic Tables HTML / Excel Weekly PMMS Survey Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects.

Rates on this page are based on the purchase of a single-family, single-unit, detached, primary residence located in Richmond, VA (home of SunTrust Mortgage, A Division of SunTrust Bank). Rates also assume a 30 day lock and are subject to change without prior written notice.