Assuming a 200 000 loan with interest rates of 6 for a 30 year and 5 25 for a 15 year after just five years a borrower with a 15 year will have 35 000 more equity in their home than a person with a 30 year.
What are today s 15 year refinance rates.
This rate was 2 64 yesterday and 2 67 last week.
View the table below for rates and aprs for a variety of loan types.
On october 2nd 2020 the average rate on the 15 year fixed rate mortgage is 2 533.
After the 15 years a person with a 30 year will still have 144 000 pinciple balance left.
Current 15 year refinance rates on thursday october 01 2020 according to bankrate s latest survey of the nation s largest refinance lenders the benchmark 15 year fixed refinance rate is 2 620.
15 year fixed 15 year fixed mortgage rates nationally 15 year fixed mortgage rates are 2 64.
October 4 2020 compare washington 15 year fixed refinance mortgage refinance rates with a loan amount of 250000.
What are today s 15 year mortgage rates.
To change the mortgage product or the loan amount use the search box on the right.
2 2020 the average rate on a 30 year fixed rate mortgage rose one basis point to 2 962 the average rate on a 15 year fixed rate mortgage rose two basis points to 2 533 and the.
Rates are quoted as annual percentage rate apr.