Mortgage rates for a 30 year fixed mortgage in the US depend on which mortgage company you decide to to your business with. Rates can vary quite a bit with your choice of holder but they can be as low as 2.25% currently.
A fixed rate mortgage is advantageous because the borrower will know that their payments are fixed. This type of mortgage also generally has lower rates that a 30 year one.
A conforming 30 year fixed rate mortgage is a loan where the interest rate is fixed and will not change throughout the term of the mortgage. The mortgage must also conform to the Fannie Mae and Freddie Mac guidelines.
The five year fixed mortgage rate at North Mortgage is 2.79%. North Mortgage is an Alberta based company that has a 1877 number as well as the ability to apply online.
For loans $417,000 and lower, the rate is 2.750% for a thirty year fixed mortgage. For a fifteen year fixed mortgage the going rate is currently at 2.25%.
If you are refinancing your mortgage for a 30 year fixed rate you can expect a rate of about 4.250% and if you are refinancing your mortgage for a 15 year fixed rate you can expect a rate of about 3.375%. Of course, this will vary with credit rating, current mortgage standing, etc.
A fixed rate mortgage is advantageous because the borrower will know that their payments are fixed. This type of mortgage also generally has lower rates that a 30 year one.
A conforming 30 year fixed rate mortgage is a loan where the interest rate is fixed and will not change throughout the term of the mortgage. The mortgage must also conform to the Fannie Mae and Freddie Mac guidelines.
As of Tuesday, October 25, the rate for a 15 year fixed mortgage in the Chicago area was 3.618%. For a 30 year fixed mortgage, the rate was 4.321%, and for a 40 year fixed mortgage, the rate was 4.506%.
The five year fixed mortgage rate at North Mortgage is 2.79%. North Mortgage is an Alberta based company that has a 1877 number as well as the ability to apply online.
For loans $417,000 and lower, the rate is 2.750% for a thirty year fixed mortgage. For a fifteen year fixed mortgage the going rate is currently at 2.25%.
If you are refinancing your mortgage for a 30 year fixed rate you can expect a rate of about 4.250% and if you are refinancing your mortgage for a 15 year fixed rate you can expect a rate of about 3.375%. Of course, this will vary with credit rating, current mortgage standing, etc.
Chase currently offers two different fixed rate mortgages. The first of which is a 30 year mortgage with a 4.5% rate. The second is a 15 year mortgage with a 3.5% rate. Bank of America offers their 30 year fixed rate mortgage with a 4.375%. Their 15 year mortgage boasts a 3.624% rate. So, when comparing the two banks, Bank of America has a better rate for the 30 year fixed rate mortgage with a 4.375% as opposed to the 4.5% rate for Chase. For the 15 year fixed rate mortgage, Chase leads the way with a 3.5% rate while BOA offers a 3.624% rate.
Average Mortgage rate in Colorado depends on your choice of a 15 year mortgage or a 30 year fixed mortgage. There are also other variables. if you chose the 15 year mortgage, it would be around 2.75%. If you choose the 30 year fixed mortgage, your rate would be around 3.7%.
A fixed rate mortgage is a loan to buy a house and/or property in which the interest rate charged is 'fixed' or does not change. For instance, if you take out a 30-year fixed rate mortgage, you will have the same interest rate for the first payment as you will for the last payment, 30 years later.
The national average for a 30 year fixed mortgage rate is 4.89%. This rate can either increase or decrease depending on the loan ammount. As of March 6, 2010, the national average mortgage interest rate for a 30 year fixed rate loan is 5.31%. The national average mortgage interest rate for a 15 year fixed rate loan is 4.68%.
Current mortgage rate for a 15 year fixed term are around 2.250% and for 30 year fixed term at 3.375%. Compared to 2009 , the mortgage rates for a 15 year fixed term were 4.000% and a 30 year fixed term at 5.500%.
The lowest fixed rate mortgage in the market is 2.99% in Canada, and if one goes for a five year fixed mortgage, it is only 2.75% in Canada. One can try to compare rate by going on the sites of various banks.