15 Years Fixed Mortgage Rate

30-year fixed-rate mortgage averages 3.64% for the week ending. near decade highs," said freddie chief economist sam khater. 15-year frm averages 3.16% vs. 32.1% in the prior week and 4.16%.

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.

See today’s mortgage rates from lenders in your area. Get the best mortgage rates by comparing mortgage rates for 30 year fixed, 15 year fixed & 5/1 ARM mortgages.

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Across the United States 88% of home buyers finance their purchases with a mortgage. Of those people who finance a purchase, nearly 90% of them opt for a 30-year fixed rate loan. The 15-year fixed-rate mortgage is the second most popular home loan choice among Americans, with 6% of borrowers choosing a 15-year loan term.

The 30-year fixed-rate mortgage averaged 3.82% for the week ending June 6. a borrower can save an average of $1,500.” The 15-year FRM averaged 3.28% this week, moderately falling from last week’s 3.

A 15 year can be compared to the following: 30 year mortgage – The 30 year is the most frequently used option. Like the 15 year, the 30 year has a fixed payment over the life of the loan. The main difference is that the 30 year is paid over a period twice as long, which leads to lower monthly payments.

Last year at this time, 15-year fixed-rate mortgages were averaging 4.11%, Freddie Mac says. And, rates have shot up on 5/1.

Check current 15 year mortgage rates 15 Year Fixed-Rate Mortgage. Because the payments on a 30-year loan are stretched out over such a long time, you’ll end up paying a lot of interest if you hold such a loan until its final pay-off date. Say you take out that $200,000 mortgage as a 30-year fixed-rate loan with an interest rate of 4.13 percent.

fixed-rate mortgage dropped to 4.14% from 4.20% last week. By contrast, a year ago the benchmark rate stood at 4.55%. The average rate for 15-year, fixed-rate home loans declined this week to 3.60%.

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.

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