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.

Note that rates on 15-year mortgages tend to be lower than rates on 30-year loans, but higher than rates on 10-year loans. The current average rate on a 15-year refinance is 6.75% compared to the ...

Back in January, the 30-year average jumped to 7.13%, its highest level since October. So today's rates are still ...

Ahead of the Federal Reserve’s next announcement, mortgage rates appear to have plateaued after several weeks of steady ...

However, there is a unique set-up for recent homeowners that can make refinancing into a 15-year mortgage a brilliant move. 30-year fixed mortgage rates peaked in November 2023, almost touching 8 ...

The best mortgage loan during inflation depends on your job stability and income prospects, experts say. "While a 15-year mortgage offers the greatest long-term savings, a 30-year loan [provides ...

"The combination of modestly lower mortgage rates and improving inventory is a positive sign for homebuyers in this critical ...

Because the terms are shorter and 15-year mortgage rates are lower than 30-year rates, you could potentially save hundreds of thousands of dollars over the life of the loan by opting for a 15-year ...

However, there is a unique set-up for recent homeowners that can make refinancing into a 15-year mortgage a brilliant move. If you bought your house with a high interest rate, refinancing can ...