June 12, 2023 Mortgage Rates: Trending Higher with Best Deals on Shorter Terms.
TL;DR
The average mortgage interest rate for a 30-year fixed mortgage is 7.06%, while the average rate for a 15-year fixed mortgage is 6.45%. The average rate for a 5/1 adjustable rate mortgage is 6.08%. When choosing a mortgage, it is important to consider the loan term and whether it is fixed or adjustable.
Topics:businessfinance#15-year-fixed-rate#30-year-fixed-rate#51-adjustable-rate#finance#loan-terms#mortgage-rates
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