Jordan Tarver

2 months ago | forbes.com | Caroline Basile |Jordan Tarver

Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.85%, down 0.14 percentage point from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage, which will typically have a lower rate than a 30-year, fixed-rate home loan. The average APR on a 15-year fixed mortgage is 5.99%.

2 months ago | forbes.com | Caroline Basile |Jordan Tarver

The rate on a 30-year fixed refinance decreased to 6.94% today, according to the Mortgage Research Center. Rates averaged 5.94% for a 15-year financed mortgage and 6.75% for a 20-year financed mortgage. Related: Compare Current Refinance RatesAt 6.94%, the average rate on a 30-year fixed-rate mortgage refinance is down 0.14 point from a week ago. On a 30-year fixed mortgage refi, the APR (annual percentage rate) is 6.97%, lower than last week's 7.11%.

2 months ago | forbes.com | Taylor Medine |Jordan Tarver

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2 months ago | forbes.com | Caroline Basile |Jordan Tarver

The rate on a 30-year fixed refinance fell to 6.94% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.96%. For 20-year mortgage refinances, the average rate is 6.76%. Related: Compare Current Refinance RatesThe current 30-year, fixed-rate mortgage refinance average rate stands at 6.94%, versus 6.9% last week. The annual percentage rate (APR) on a 30-year, fixed-rate mortgage is 6.97%, higher than last week's 6.93%.

2 months ago | forbes.com | Caroline Basile |Jordan Tarver

The rate on a 30-year fixed refinance decreased to 7.05% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 6.02%, and for 20-year mortgages, the average is 6.88%. Related: Compare Current Refinance RatesAt 7.05%, the average rate on a 30-year fixed-rate mortgage refinance is up 0.33 point from this time last week. The APR, or annual percentage rate, on a 30-year fixed is 7.08%. This time last week, it was 6.76%.