Mortgage rates dropped to 3.99% for a 30-year fixed loan this week. Rates for a 15-year fixed are down to 3.27%.
These rates are appealing, even to last year’s low rates. The average 30 year fixed rate from a year ago was 4.61%. What does that mean for your wallet?
You’d be paying $143 less per month on a $400,000 loan with 4% interest, than the same loan with 4.61% interest (both 30 yr. fixed loans).
For more on the latest rate cha