Current Mortgage Rates
The type of mortgage loan you use will affect your interest rate. If rates drop significantly, homeowners can always refinance later on to cut costs. In 2018, many economists predicted that 2019 mortgage rates would top 5.5 percent. However, mortgage rates history shows that this forecast was off the...
Read moreRates remain elevated Today’s mortgage rates, January 2, 2025
Content Adjustable period Cons of an adjustable-rate mortgage Factors to Consider When Choosing a Mortgage Bankrate logo Pros and cons of adjustable-rate mortgages Benefits of an ARM How much does 1 point lower your interest rate? How Fixed Interest Rates Work What Is a Hybrid ARM? What Is an Interest-Only Mortgage? Harder To Budget For Fixed-Rate Mortgages How does an ARM loan...
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