the average rate for a 15-year fixed mortgage is 6.31%, whereas the average 30-year fixed rate is 6.99%, according to data from CNET sister site Bankrate. Mortgage rates started rising in early ...

fixed-rate loan. If you’re thinking about refinancing, be sure to keep an eye on interest rates beforehand as they tend to fluctuate daily. Note that rates on 15-year mortgages tend to be lower ...

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One common type of mortgage is a conventional loan with a 15-year fixed interest rate. With a fixed rate, your rate and monthly payment will stay the same throughout the life of the loan.

With an adjustable-rate mortgage (ARM), your interest rate is fixed rate for a certain number of years and then fluctuates at regular intervals. A 15-year ARM is less common, so you’ll likely ...

It also has a fixed interest rate just like 15- and 30-year mortgages ... according to CNET’s sister site Bankrate. Who should get a 20-year mortgage? If you can afford the higher monthly ...

The average APR of a 15-year, fixed-rate mortgage is 6.97% — up from 6.54% the month before. This is also a huge increase from last year's 5.35%. The most common type of mortgage is a fixed-rate ...

the average interest rate on a 30-year fixed-rate mortgage dropped 23 basis points to 7.137% APR. The average rate on a 15-year fixed-rate mortgage dropped nine basis points to 6.412% APR ...

However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Refinancing into a 15-year fixed-rate mortgage can help homeowners save on interest and pay off ...

Fixed-rate mortgages lock in your interest rate for the duration of your loan. This means your monthly payment (principal and interest only) remains the same whether you opt for a 10, 15, 20, or ...