· For example, compare a $200,000 mortgage with a 15- or 30-year term. Each loan charges a 3.5% interest rate. With the 15-year mortgage, the monthly payment is $1,430 with $57,358 in total interest. With the 30-year mortgage, the monthly payment is $898. However, the total interest is $123,312, more than twice as much as the 15-year loan’s interest.
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Freddie Mac began a weekly mortgage rate survey in 1971. This week the survey reports that national average interest rates for a 30 year mortgage have fallen to the lowest rate since the survey began – 4.96%. A year ago that same loan averaged 5.69% . The Mortgage Bankers Association is reporting an even lower [.]
mortgage buyer freddie mac said Thursday the rate on 30-year fixed-rate loans eased to an average 4.12 percent from 4.20 percent last week. That was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971.
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Federal law enforcement officials will be routinely required to get a search warrant before using secretive and intrusive cellphone-tracking technology under a new justice department policy. The.
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Average US 30-year mortgage rate falls to 3.89 percent. The rate stood at 3.60 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971. The rate on 15-year mortgages eased to 3.16 percent from 3.19 percent. mortgage rates often track the yield on the 10-year Treasury note.
A year ago, the 30-year rate was at 4.13%. A record low of 3.31% for the 30-year mortgage was reached in November 2012. The average rate for the 15-year fixed-rate mortgage fell to 3.21% in the.
Average US 30-year mortgage rate falls to 4.12 percent. mortgage buyer freddie Mac said Thursday the rate on 30-year fixed-rate loans eased to an average 4.12 percent from 4.20 percent last week. That was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. A year ago, the benchmark rate stood at 3.92 percent.