Rates on 15-year new purchase loans fell even more significantly last week, plunging 16 basis points to average 5.98% Friday.

The term fixed-rate mortgage refers to a home loan that has a fixed interest rate for the entire term of the loan. In other words, the mortgage carries a constant interest rate for the entire loan ...

One of the first things you may want to consider when choosing a mortgage loan or refinancing is your preferred loan term. Shorter terms (15-year loans) generally offer better interest rates than ...

Over 40% of U.S. mortgages were originated in 2020 and 2021, when interest rates were at record lows. There were also some 14 million mortgage refinances during the same time. If you were lucky ...

At the heart of this decision lies a crucial number: the mortgage interest rate. This seemingly simple percentage plays a large part in whether your monthly mortgage payment is affordable or ...

In any case, the Fed doesn't set mortgage rates directly. Neither does the White House — lenders do. Mortgage interest rates, which are closely tied to the 10-year Treasury bond yield ...