Refinance 15 Year Fixed Mortgage Rates

Current 15 Year Fixed Rate Current interest rates: 15 year fixed mortgage – The down side of a 15 year fixed rate mortgage is that the monthly loan payment is almost double that of a 30 year fixed rate loan, since the payoff period is compressed into 15 years. The 15 year fixed rate mortgage is a popular choice of homeowners who wish to refinance their current mortgage.

Mortgage rates hit. led to the fall in mortgage rates. 30-year fixed rates decreased by 9 basis points to 3.49% in the.

A year ago, it stood at 4.54%. The average rate for 15-year, fixed-rate home loans slipped to 3% from 3.06% last week. It was.

The 15 Year Mortgage Rate is the fixed interest rate that US home-buyers would pay if they were to take out a loan lasting 15 years. There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments.

Best 15 Yr Fixed Mortgage Rates . buyer Freddie Mac says the average rate on the benchmark 30-year mortgage fell to 3.73% from 3.84% last week. By contrast, a year ago the rate stood at 4.55%. The average rate for 15-year,

15 Year Fixed Mortgage rate explained 15 year fixed mortgage is a loan program where the monthly payment (principal and interest) of the loan does not change during the 15 year life of the loan. Like the 30 year, and the loan is "amortized" so that it will be completely paid off by the end of 15 years.

Refinancing your home loan to a fixed-rate mortgage offers you consistency that can help make it easier for you to set a budget. Your mortgage interest rate, and your total monthly payment of principal and interest, will stay the same for the entire term of the loan.

Try our easy-to-use refinance calculator and see if you could save by refinancing. Estimate your new monthly mortgage payment, savings and breakeven point.

Current 15-Year Mortgage Rates on a $220,000 Home Loan. By default 15-year purchase loans are displayed. Clicking on the refinance button switches loans to refinance. Other loan adjustment options including price, down payment, home location, credit score, term & ARM options are available for selection in the filters area at the top of the table.

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.

Check out the mortgage rates charts below to find 30-year and 15-year mortgage rates for each of the different mortgage loans U.S. Bank offers. If you decide to purchase mortgage discount points at closing, your interest rate may be lower than the rates shown here.

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