Category: Finance
As of August 6, 2024, the interest rate for a 30-year fixed-rate mortgage is 6.125%, while the 15-year fixed-rate mortgage is at 5.500%. It's crucial to compare rates from different lenders and understand the factors affecting mortgage rates, including credit score and economic conditions. Borrowers should consider fixed versus adjustable rates, and the importance of pre-approval and loan estimates in securing the best deal.
Keywords: mortgage rates, fixed-rate mortgage, interest rates
Update At: 8/6/2024