Average 15-Year Mortgage Rates. Here are the current average 15– year mortgage rates in each state. Average 15-year fixed mortgage rates tend to be lower than rates for 30-year home loans. While this does mean less money spent on interest, the monthly payments on a 15-year loan are consistently higher in all states.
Total mortgage applications dropped 10.1% over the last week. Refinancing dipped 15% from last week, while purchase applications dipped just 3%. Interest rates on 30-year fixed-rate mortgages have.