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The current average interest rate for a 30-year fixed mortgage is 6.59% for purchase and 6.54% for refinance, down 10 basis points from 6.69% for purchase and 11 basis points from 6.65% for ...
Rates on a 15-year mortgage stand at an average 6.41% for purchase and 6.45% for refinance, down 15 basis points from 6.56% for purchase and 15 basis points from 6.60% for refinance this time last ...
The current average interest rate for a 30-year fixed mortgage is 6.87% for purchase and 6.88% for refinance — up 1 basis point from 6.86% for purchase and up 1 basis point from 6.87% for ...
Average mortgage rates open the week with a continued easing on five-month lows as of Monday, August 5, 2024, after last week's Fed policy meeting, where officials held the benchmark interest rate ...
Average mortgage rates open the week with a continued inching down on popular 30-year and 15-year terms as of Monday, June 17, 2024, after last week's Fed meeting, where officials held the ...
However, in the United States, the average interest rates for fixed-rate mortgages in the housing market started in the tens and twenties in the 1980s and have (as of 2004) reached about 6 per cent per annum. However, gross borrowing costs are substantially higher than the nominal interest rate and amounted for the last 30 years to 10.46 per cent.
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