15 Yr Fixed Refi Rates Rates and program information are deemed reliable but not guaranteed. Rates on this page are based on the purchase of a single-family, single-unit, detached, primary residence located in Richmond, VA (home of SunTrust Mortgage, A Division of SunTrust Bank). Rates also assume a 30 day lock and are subject to change without prior written notice.

The 30-year fixed-rate loan is the most common term in the United States, but as the economy has went through more frequent booms & busts this century it can make sense to purchase a smaller home with a 15-year mortgage. If a home buyer opts for a 30-year loan, most of their early payments will go toward interest on the loan.

The 25-year fixed rate refinance mortgage is a great option for homeowners who want to refinance a 30-year fixed or adjustable loan without completely restarting their payment schedule.

Mortgage Rates Weekly Update March 3 2019 Use annual percentage rate APR, which includes fees and costs, to compare rates across lenders.Rates and APR below may include up to .50 in discount points as an upfront cost to borrowers and assume no cash out. Select product to see detail. Use our Compare Home Mortgage Loans Calculator for rates customized to your specific home financing need.

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.

30-year fixed rate mortgages. The 30-year conventional fixed-rate mortgage has long been popular due to its fixed interest rate and lower monthly payments. However, since the interest payments are spread out over 30 years, you’ll pay more interest over the life of the loan than you would on a shorter-term mortgage. 15- and 20-year fixed-rate.

The average 30-year fixed mortgage rate fell to 3.79%, down 6 basis points from 3.85% a week ago. 15-year fixed mortgage rates fell 4 basis points to 3.13% from 3.17% a week ago.

While interest rates on 15 year loans are usually discounted 20 to 30 percent below rates on the benchmark 30 year mortgage, 5 year refinance rates should be even more affordable. A good rule of thumb is to look for an interest rate that is half of what you would be paying on a 30 year loan.

Housing Interest Rates History The recent drop in interest rates has inspired an influx in mortgage applications.. Housing sentiment has surged thanks to those low rates, according to. They also look at your credit history and your planned down payment.

Need a long term mortgage? Lock into a great mortgage rate for the long term by comparing the best 25 year fixed closed mortgage rates.

Sept 25 (Reuters) – U.S. mortgage applications recorded their. The average interest rate for 30-year fixed-rate mortgages, with conforming loan balances of $484,350 or less, edged up 1 basis point.