Loan Digest

Interest Rate on 30-Year Fixed-Rate Mortgage Unchanged at 7.000%

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 24 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

Finance News

Interest Rate,Mortgage,Fixed-Rate

The interest rate on a 30-year fixed-rate mortgage is 7.000% as of March 28, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rates last updated on March 28, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you’re borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal — that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money

The interest rate on a 30-year fixed-rate mortgage is 7.000% as of March 28, which is unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rates last updated on March 28, 2024. Rates are based on the assumptions shown here. Actual rates may vary.

Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you’re borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal — that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing mone

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in LOANS

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.

Federal Reserve still foresees 3 rate cuts this year but envisions higher rates in futureWhen will interest rates go down? We asked experts.
Source: KING5Seattle - 🏆 457. / 53 Read more »

Federal Reserve holds interest rates steady, projects three rate cuts later this yearThe Federal Reserve held interest rates steady Wednesday, but policymakers signaled they still expect to start cutting rates later this year. The stock market jumped in response.
Source: KPBSnews - 🏆 240. / 63 Read more »

Federal Reserve still foresees 3 rate cuts this year but envisions higher rates in futureWhen will interest rates go down? We asked experts.
Source: CBS8 - 🏆 335. / 59 Read more »

Federal Reserve still foresees 3 rate cuts this year but envisions higher rates in futureWhen will interest rates go down? We asked experts.
Source: WTHRcom - 🏆 329. / 59 Read more »