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30-Year Fixed-Rate Mortgage: Averages around 3% to 4%.

15-Year Fixed-Rate Mortgage: Averages around 2.5% to 3.5%.

Adjustable-Rate Mortgage (ARM): Initial rates can be lower but vary widely.

Government-Backed Mortgages: Rates vary; FHA and VA loans often competitive.

Credit Score: Higher scores lead to lower rates.

Economic Conditions: Rates influenced by inflation, Federal Reserve policies, and housing market trends.

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12y ago

As of August 23, 2011, the average 30 year fixed mortgage rate is 4.55%. Consumers also may be interested to know that a 15 year fixed mortgage currently yields an average national rate of just 3.83%.

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Q: What is the average mortgage loan rate?
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Related questions

What is the average home mortgage loan rate in WI?

The average mortgage loan rate in Wisconsin is around 4.49%. That is based on a 30 year fixed average. A 15 year fixed home mortgage loan average is around 3.65%.


What is the average rate for a mortgage loan?

The average rate for a mortgage loan would depend on the rates for the day that you are inquiring. Rates may change on a daily basis. Today's average rate is 3.25%.


What is the national average right now for mortgage interest rates?

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%.


What is the average house mortgage rate?

There are many factors that can play into your house mortgage rate such as age and credit history as well as the size of your loan. On average, a mortgage will run you about 3% to 4.5%


What is a fixed rate mortgage?

A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.


Where can one find find a fixed loan rate mortgage?

There are many companies that offer one a fixed loan rate mortgage. One can get this type of mortgage from 'Capital One', 'Integrity Home Loan', 'National Mortgage Alliance' and 'First Rate'.


What is the mortgage rate calculator used for?

A mortgage rate calculator will take a person's mortgage loan amount and the interest rate associated with the loan and give you an estimated payment rate. Normally, an estimated monthly payment rate.


What is the average rate Bank of America charges for mortgage rates?

3.1 to 4.7 percent seems to be the average rate. This rate may vary depending on your location and type of loan.


What is the average interest for lowest refinance mortgage rate?

The average interest for the lowest refinancing mortgage rate depends on the company and how long one has been paying the loan and the value of what is left. An example is one to four percent interest rate.


What is considered a good refinance rate for a mortgage in Florida?

A good refinancing rate for a mortgage loan in Florida would be a very low rate. A rate under 5% would be a very good refinancing rate for a mortgage loan.


What is an acceptable rate for a home mortgage loan?

An acceptable rate for a home mortgage loan is 7-9 percentage. Read more at www.mortgageloan.com/ or www.interest.com


How does a fixed rate mortgage differ from an adjustable rate mortgage?

The interest rate on a fixed rate mortgage does not change over the life of the loan. An adjustable rate mortgage interest rate may change up or down depending on what the interest rates are, at the contracted time the loan is reviewed.