What is the average 30 year fixed?
Product | Interest Rate | APR |
---|---|---|
30-Year Fixed Rate | 3.970% | 4.020% |
30-Year FHA Rate | 3.510% | 4.100% |
30-Year VA Rate | 3.770% | 3.880% |
30-Year Fixed-Rate Jumbo | 4.060% | 4.070% |
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Likewise, people ask, what is the average 30 year fixed rate?
Current mortgage and refinance rates
Product | Interest rate | APR |
---|---|---|
30-year fixed rate | 3.219% | 3.375% |
20-year fixed rate | 3.188% | 3.414% |
15-year fixed rate | 2.643% | 2.859% |
5/1 ARM rate | 2.768% | 3.394% |
One may also ask, what's the average interest rate on a 30 year mortgage? The average rate for a 30-year fixed rate mortgage is currently 3.99%, with actual offered rates ranging from 3.13% to 7.84%. Home loans with shorter terms or adjustable rate structures tend to have lower average interest rates.
Similarly, it is asked, is 4.25 A good mortgage rate?
The new normal is 4.25 percent on the popular 30-year fixed loan. Some lenders are slightly lower, but not by much. Mortgage rates had been moving in a tight range throughout the first half of this year, generally around 3.75 percent—a little higher, a little lower.
Is 3.75 A good mortgage rate?
Mortgage giant Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage jumped to 3.75% from 3.69% last week. By contrast, the benchmark rate stood at 4.94% a year ago. The average rate on a 15-year mortgage increased to 3.2% this week from 3.13% last week.