fixed-rate mortgage slipped to 4.06% from 4.07% last week. By contrast, a year ago the benchmark rate stood at 4.66%. The average rate for 15-year, fixed-rate home loans declined this week to 3.51%.

Today’s low interest rate for a 15-year fixed is 3.625% (4.125% APR), and the interest rate for a 30-year fixed is 4.125% (4.38% 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.

Get started. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Conforming rates are for loan amounts not exceeding $453,100 ($679,650 in Alaska and Hawaii). Adjustable-rate loans and rates are subject to change during the loan term.

US 15 Year Mortgage Rate is at 3.25%, compared to 3.26% last week and 4.07% last year. This is lower than the long term average of 5.45%. Category: Interest Rates

A 15 year fixed mortgage is often the first choice for first-time home buyers or those looking to refinance their existing mortgage. Options for a 15 year fixed include: Purchase and refinance; Government insured (FHA, VA, USDA) Conventional (Fannie Mae, Freddie Mac) Take a look at mortgage rates today and contact a loan officer to see if a 15.

Bank of Oak Ridge mortgage rates are very low right now and beat most online mortgage rates today. 30 year mortgage rates at Bank of Oak Ridge are at 4.375 percent with 0.25 points and $853 in fees. 15 year mortgage rates from Bank of Oak Ridge are currently at 3.75 percent with no mortgage points and $853 in fees.

10 Year Refinance Mortgage Rates Best Mortgage Rates Available 15 Yr Fixed Refinance Rates Advantages of a 15-year fixed-rate home loan. The above calculations presume a 20% down payment on a $250,000 home & a closing cost of $3,700 which is rolled into the loan. You can use the following calculators to compare 15 year mortgages side-by-side against 10-year, 20-year and 30-year options.Because of this, lenders assume a lot more risk and often require a sizable down payment and charge higher interest rates. Interest only mortgage rates are commonly 1% higher than 30-year rates. The Best Time to Get a 30-year Mortgage. The best time to get a 30-year mortgage is when interest rates are low.Review current promotional rates for mortgage refinance, mortgage purchase, home equity & savings. Featured Rates for July 09, 2019.. 10 Year Fixed.

Thirty-year mortgage rates averaged 4.28 percent in the week ended march 21, the lowest since 4.22 percent in the week of Feb. 1, 2018. This was below the 4.31 percent a week earlier, the mortgage.

Current 30 Years Mortgage Rate Most mortgage lenders offer both 30- and 15-year terms. Compare the current average rates between the two loan products, then zero in on a couple of lenders and look at the spreads. If 15-year.

Mortgage rates valid as of 28 May 2019 08:38 am CDT and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. arm interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10.

The 30-year fixed loan is by far the most common loan program, but adjustable rate mortgage (ARM) and 15-year fixed loans offer lower rates. If you’re ok with the higher monthly payment of the 15-year fixed loan or the possibility of your rate changing with the ARM, one of these loan programs could help you pay much less interest over time for.