The average offering rate for the 15-year fixed mortgage was 3.43%. The borrowers would have at least 20% down payments, or 20% home equity if they are refinancing their mortgages, and would pay.
A 15-year fixed-rate mortgage maintains the same interest rate and monthly payment over the 15-year loan period. The 15 year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate. But monthly payments are usually higher than with other mortgages.
15 Yr Fixed Refinance Mortgage Rates fha refinancing rates Today 15 Year Fixed Calculator Today’s low interest rate for a 15-year fixed is 3.375% (3.851% APR), and the interest rate for a 30-year fixed is 3.875% (4.158% APR). Why You Should choose quicken loans You’ll get a completely online application process with less paperwork, and you can track the status of your mortgage application.