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 ...
Because the terms are shorter and 15-year mortgage rates are lower than 30-year rates, you could potentially save hundreds of thousands of dollars over the life of the loan by opting for a 15-year ...
One common type of mortgage is a conventional loan with a 15-year fixed interest rate. With a fixed rate, your rate and monthly payment will stay the same throughout the life of the loan.
If you can afford the higher monthly payments, a 15-year fixed mortgage allows you to pay off your home loan faster at a lower interest rate. Alix is a former CNET Money staff writer. She also ...
Rates on 30-year mortgages ticked up a minimal 1 basis point Friday after four days of decline, finishing the week at a 6.84% average. That's just barely above the cheapest level registered since ...
Refinancing into a 15-year fixed-rate mortgage can help homeowners save on interest and pay off their mortgages faster. Check out today's 15-year refinance rates to see if one of these loans makes ...