At the current average rate, you’ll pay $463.12 per month in principal and interest for every $100,000 you borrow. That’s.
September 16, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.79 percent with an APR of 3.91 percent.
Adjustable rate mortgages (ARMs) offer our lowest rates. ARMs are a great option if you expect to sell your house or refinance before the initial fixed-rate period.
Current mortgage rates have fallen slightly since this time last month. That means it’s best to shop for a mortgage now, while mortgage rates are still historically low. The average interest rate on a conventional 30-year fixed-rate home loan is 3.95%.