Which suits you best? The 15-year fixed rate mortgage or the 30-year one? These tips may help you decide.
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.
30-year fixed rate mortgage rates have now dropped through 5 consecutive weeks, and in 11 of the last 12 weeks.
You could save 13% on your mortgage as compared to one year ago.
For as low as 30-year fixed rate mortgage rates are today, 15-year fixed rate mortgage rates are even lower.