Current 30 Year Fixed Mortgage Rates No Points

Current mortgage and refinance rates accurate as of 10 02 2020.

Current 30 year fixed mortgage rates no points.

The 15 year fixed mortgage rate fell 4 basis points to 2 49 from a week ago. A month ago the average rate on a 30 year mortgage was 3 19 percent. Current rates are hovering near three year lows amid. 15 year fixed rates 15 year fixed rates are normally lower than a 30 year and depending on the lender the interest rate variance ranges from 0 50 to 0 75.

If you don t plan on moving you should consider refinancing around the 5 year mark. These rates are often lower because having a shorter term provides significantly less risk to the lender. On saturday october 03 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 050 with an apr of 3 360. 30 year rates can be compared to the following popular products.

Compare mortgage rates from multiple lenders in one place. Keep in mind fixed rate only refers to the rates but there are many types of fixed rate mortgages such as 15 year fixed rate jumbo fixed rate and 30 year fixed rate mortgages. The benchmark 30 year fixed rate hit a record low of 3 52 percent during the week of july 6 2016 according to historical bankrate data. The average 30 year fixed mortgage rate fell 5 basis points to 3 05 from a week ago.

The 30 year fixed rate mortgage is equal to one week ago and 107 basis points lower than one year ago. No closing cost loans are often structured so that lenders get their money back over the first few years. Current mortgage and refinance rates accurate as of 10 02 2020. It s fast free and anonymous.

But if you end up staying in your mortgage for a full 30 year term the slightly higher interest rate will likely cost you more than it saved you upfront.