Live News: US Mortgage Average Rate are Increasing 20, October , 2022
The benchmark 30-year fixed mortgage’s average rate is currently 7.20% for today,
Thursday, October 20, 2022, an increase of 12 basis points over the previous week.
The 30-year fixed national rate for homeowners looking to refinance is 7.20%, up 14 basis points from the previous week. The average 15-year fixed refinance rate today is 6.46%, which is an increase of 15 basis points from a week ago.
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Bank rate frequently has access to offers that are significantly lower than the national average, showing the rate, APR (rate plus expenses), and estimated monthly payment to help you compare offers and finance your house more affordably.
It’s crucial to compare mortgage offers given the rising interest rates before commiting to a loan.
