Conventional 15 Year Mortgage Rates

 · Mortgage Rates Up Slightly – The 15-year FRM this week averaged 4.02 percent. and the average interest rate on conventional, 30-year, fixed-rate mortgages of $453,100 or less was 4.76 percent, up 5 basis points from 4.71 in.

Loans Above $417,000 May Have Different Loan Terms: If you are seeking a loan for more than $417,000, lenders in certain locations may be able to provide terms that are different from those.

A Jumbo fixed-rate loan of $475,000 for 15 years at 2.875% interest and 3.092% APR will have a monthly payment of $3,252. A fixed-rate loan of $250,000 for 30 years at 3.500% interest and 3.674% APR will have a monthly payment of $1,123.

See current fixed-rate mortgages for a variety of conventional mortgages, and learn more about rate assumptions and annual percentage rates (APRs). See today’s fixed mortgage rates. Use this fixed-rate mortgage calculator to get an estimate. A fixed-rate loan provides the stability of a consistent rate and monthly mortgage payment over the life.

Today’s fifteen year mortgage rates 15 vs 30 Year Loans. The most popular mortgage product across the United States is the 30-year fixed-rate mortgage. The reason most buyers opt for a 30-year fixed rate is they are guaranteed a stable monthly payment and the longer loan duration means they do not have a high monthly payment.

The 15-year FRM this week averaged 3.40 percent. The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.08 percent, compared to 3.80 in November, and the.

Today’s low interest rate for a 15-year fixed is 3.5% (3.96% APR), and the interest rate for a 30-year fixed is 3.99% (4.264% APR). Why You Should Choose Quicken Loans You’ll get a completely online application process with less paperwork, and you can track the status of your mortgage application.

Best Loan Rates For Mortgages Loan term. Loan term is the length of your mortgage, or how long you are scheduled to make payments. mortgage loan terms typically range from five years up to 50 years and increase by increments of five years. Lenders don’t usually offer every loan term, so your term options will depend on your lender.

Compare mortgage rates from multiple lenders in one place. It’s fast, free, and anonymous.

The 30-year fixed-rate mortgage (FRM) averaged 4.15 percent for week ending Jan. 25. point since 2014 reflecting expectations of broad-based economic growth. Mortgage rates, in turn, followed the.

40 Year Mortgage Rates  · The rates for 40 year loans average .5% higher than a 30 year loan. On a $200,000 loan a 40 year term at the .5% higher rate would result in a $38 per month lower payment. What are you expecting to gain by the 40 year term? buying a 30 year rate down by .250% will give you the same lower payment. Good Luck.

10 An FHA loan of $250,000 for 15 years at 4.000% interest and 5.359% APR will have a monthly payment of $1,849. An FHA loan of $250,000 for 30 years at 4.125% interest and 5.328% APR will have a monthly payment of $1,212.

15 year jumbo mortgage interest rates today are averaging at 4.16 percent, a decline from the prior week’s average jumbo mortgage loan rate of 4.24 percent. 15 year jumbo mortgage refinance rates today are also lower at 4.16 percent.

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