What is the current rate on a 15 year fixed mortgage?
|30-Year VA Rate||3.290%||3.420%|
|30-Year FHA Rate||3.220%||3.790%|
|30-Year Fixed Jumbo Rate||3.890%||3.920%|
|15-Year Fixed Jumbo Rate||3.390%||3.420%|
Then, what is the best rate for a 15 year fixed mortgage?
|30-Year Fixed Rate Fixed||4.07 %||4.14 %|
|20-Year Fixed Rate Fixed||3.82 %||3.92 %|
|15-Year Fixed Rate Fixed||3.56 %||3.69 %|
|10-Year Fixed Rate Fixed||3.47 %||3.66 %|
Also, what was the lowest 15 year mortgage rate ever? Mortgage rates dropped again this week, with the 15-year fixed-rate loan hitting a record low, according to a report from mortgage financier Freddie Mac. The 15-year fixed rate fell to 2.56% from 2.61%. A year ago, it stood at 3.07.
Also to know is, what is the average 15 year fixed mortgage rate?
Today's 15 Year Fixed Mortgage Rates
|15 Year Fixed Average||3.13%||3.16%|
Is a 15 year mortgage worth it?
A 15-year, fixed-rate mortgage is a great tool for borrowers who can afford the higher payments while still saving and investing for retirement. Paying off a mortgage gives many people a feeling of independence and safety. But if your income is uncertain or variable, avoid the 15-year mortgage, Frank advises.