The rate fell to 6.95% from 6.96% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.63%.

Note that rates on 15-year mortgages tend to be lower than rates on 30-year loans, but higher than rates on 10-year loans. The current average rate on a 15-year refinance is 6.75% compared to the ...

Yet, mortgage payments rose 50 years ago, too. Between 1971 and 1981 — also boosted by prices and rates — the typical monthly ...

fixed-rate mortgage was 6.71%—higher than the average 6.28% APR for 15-year loans but lower than the average 7.32% APR for 30-year loans. A good rate will be the lowest you can find with a ...

The 30-year fixed mortgages in this week’s survey had an average total of 0.26 discount and origination points. Discount points are a way for you to reduce your mortgage rate, while origination ...

As the Fed began raising rates, mortgage rates climbed steadily. In March 2022, before the first rate increase, the average 30-year mortgage rate was under 4%. For most of 2024, it hovered between ...

We've compiled a list of today's average ... mortgage loan or refinancing is your preferred loan term. Shorter terms (15-year loans) generally offer better interest rates than longer terms (30 ...

Lenders and financial intermediaries are much more confident about the prospect for business growth in 2025 than they were ...

In the middle of the payment calculator is a pie chart showing a graphic ... term by 12 (i.e. 12 months of the year). For example, a 30-year fixed-rate mortgage would have 30 years x 12 months ...

As average contractual rates for five-year fixed-rate mortgages have increased from 2.7 per cent to 3.3 per cent over the past year, the overall share of new highly indebted borrowers has decreased, ...