Latest Mortgage Rates: 15 vs 30 Year Terms

Mortgage rates have seen a notable drop, with the average thirty-year fixed rate now at 6.07% and the fifteen-year rate at 5.54%. Refinance rates are slightly higher, offering opportunities for homeowners to explore their options. The choice between a fifteen-year and thirty-year mortgage depends on individual financial goals and comfort with monthly payments.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.