Latest Mortgage Rates & Refinancing Options

Mortgage rates have seen recent fluctuations, with the average thirty-year fixed rate at six point one one percent and fifteen-year fixed rate at five point six two percent. Refinance rates are slightly higher, at six point two eight percent and five point seven three percent respectively. A fifteen-year mortgage, despite higher monthly payments, offers lower interest rates and significant savings over time. Lenders prefer borrowers with high down payments, excellent credit, and low debt-to-income ratios. Buying down interest rates with discount points is another option to consider.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.