Mortgage interest rates are consistently declining again. Here are three things homebuyers should do in response.

In April, 15-year rates averaged 6.05%. If you want the predictability that comes with a fixed rate but are looking to spend less on interest over the life of your loan, a 15-year fixed-rate ...

Explore the current 15-year mortgage rates, plus how to get the best rate for your needs and whether a 15- or 30-year mortgage is right for you.

It could make sense to lock in a mortgage rate after the Fed's next rate cut, but that won't be the case for everyone. Getty Images As 2024 draws to a close, inflation continues to cool, the job ...

Mortgage interest rates today: Rates are up. The current median interest rate is 6.13% for a 30-year fixed-rate mortgage and 5.25% for a 15-year fixed-rate mortgage.

If you expect mortgage rates to drop after locking in your rate, having a float-down option can help you take advantage of a better deal during the closing process.

When you get a mortgage, your rate can either be fixed or adjustable. A fixed rate stays the same for the life of the loan, while an adjustable rate can change periodically.

What to know about current mortgage rates: According to Money’s daily survey, the rates for fixed-rate mortgages moved lower. The 30-year fixed-rate loan averaged 6.918%, down by 0.044 ...

How much do rate locks cost? You’ll usually pay 0.25% to 1% of your loan amount for a rate lock, depending on the lender. On a $400,000 mortgage loan, that’s the equivalent of paying from ...

“If you find a house you love and you are comfortable with the payment on the home based on today’s rates, we suggest locking that rate so you have certainty of what your payments will look ...