One common type of mortgage is a conventional loan with a 15-year fixed interest rate. With a fixed rate, your rate and monthly payment will stay the same throughout the life of the loan.

Freddie Mac’s average rate for a 30-year fixed-rate mortgage averaged 6.64% for the week ending April 3, slightly lower than ...

Note that rates on 15-year mortgages tend to be lower than rates on 30-year loans, but higher than rates on 10-year loans. The current average rate on a 15-year refinance is 6.75% compared to the ...

When mortgage rates decline, they boost homebuyers’ purchasing power. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week ...

A 15-year mortgage means larger monthly payments, but a lower interest rate. A 30-year mortgage offers a more affordable monthly payment, but you’ll pay more in interest. Over time, a 30-year ...

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose this week, ...