15 Years Fixed Mortgage Rate Refinance

Mortgage rates tend to be lower with 15-year fixed mortgages than 30-year fixed mortgage rates because lenders take into consideration that you’ll pay back the loan in a shorter amount of time. This can be advantageous to the lender as it can recoup the loan in half the time as a typical mortgage.

Compare Mortgage Rate Calculator You can use an online mortgage calculator. Our mortgage comparison tables enable you to see the different monthly repayments you could have with different mortgages or different amounts. Make sure.

The 15 Year Mortgage Rate is the fixed interest rate that US home-buyers would pay if they were to take out a loan lasting 15 years. There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments.

"Should I Refinance to a 15 Year or 30 Year Mortgage?" #AskRachelCruze A 15 year fixed year mortgage is a loan that will be completely paid off in 15 years assuming all payments are on schedule. As the name implies, this type of mortgage has a fixed rate, which keeps the payment and interest rate the same for as long as you hold the mortgage.

View current 15 Year Fixed mortgage rates from multiple lenders at realtor.com. Compare the latest rates, loans, payments and fees for 15 Year Fixed mortgages.

The average 30-year fixed-rate mortgage has dipped below the 4% mark.. Refinance at current interest rates, and you'll reduce your monthly payments by around $150 or. 15-year fixed rate, 3.30%, 2.75%, May 1, 2013.

A 15-year mortgage can save you money in the long run. Interest rates on 15-year mortgages typically are lower than the interest rates on longer-term home loans, and you pay interest for a shorter time. Interest rate: 5.875% 4.875% 4.25% Mortgage payment: $842.97 $848.99 $977.96 1) Total payments include $16,000 of additional equity.

Rates on this page are based on the purchase of a single-family, single-unit, detached, primary residence located in Richmond, VA (home of SunTrust Mortgage, A Division of SunTrust Bank). Rates also assume a 30 day lock and are subject to change without prior written notice.