Today’s mortgage rates for 15-year terms plunge as 30-year rates rise

The interest rate on a 30-year fixed-rate mortgage is 8.500% as of October 17, which is 0.500 percentage points higher than what it was yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.750%, which is 0.875 percentage points lower than it was yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan.

You can also use Credible’s mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers — that is, those with a higher credit score, income, and down payment amount.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Today’s mortgage rates fall for 30-year terms, while 15-year rates riseMortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Source: FoxBusiness - 🏆 458. / 53 Read more »

More people turning to FHA loans amid rising mortgage ratesFHA loans are now making up a larger portion of mortgage originations than they were two years ago.
Source: WGAL - 🏆 331. / 59 Read more »

Goldman Sachs upgrades this homebuilder stock, says it can outperform despite higher mortgage ratesThis construction company's focus on sales volume could help push the stock higher as consumer affordability remains tight, Goldman Sachs says.
Source: CNBC - 🏆 12. / 72 Read more »

Homebuilder sentiment drops to 10-month low, as mortgage rates soarBuilder sentiment for single family homes dropped to the lowest level since January, as mortgage rates soar.
Source: CNBC - 🏆 12. / 72 Read more »

Homebuilder sentiment drops to 10-month low, as mortgage rates soarBuilder sentiment for single family homes dropped to the lowest level since January, as mortgage rates soar.
Source: NBCLA - 🏆 319. / 59 Read more »

Homebuilder sentiment continues downward spiral amid spike in mortgage ratesConfidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.
Source: FoxBusiness - 🏆 458. / 53 Read more »