Current mortgage rates

10 Year Mortgage Rates Today


Multiple key mortgage rates floated higher today. The average for a 30-year fixed-rate mortgage rose, but the average rate on a 15-year fixed remained steady. Meanwhile, the average rate on 5/1 ARMs inched up.

Rates for mortgages change daily, but they have remained in a historically low range for quite some time. If you're in the market for a mortgage, it may make sense to lock if you see a rate you like. Just make sure you've looked around for the best rate first.

30-year fixed mortgages

The average 30-year-fixed mortgage rate is 3.47%, up 1 basis point since the same time last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 3.40%.

At the current average rate, you'll pay principal and interest of $447.37 for every $100, 000 you borrow. Compared to last week, that's $0.56 higher.

You can use Bankrate's mortgage calculator to get a handle on what your monthly payments would be and see the effect of adding extra payments. It will also help you calculate how much interest you'll pay over the life of the loan.

15-year fixed mortgages

The average 15-year-fixed mortgage rate is 2.71%, unchanged over the last week.

Monthly payments on a 15-year fixed mortgage at that rate will cost around $677 per $100, 000 borrowed. The bigger payment may be a little harder to find room for in your monthly budget than a 30-year mortgage payment would, but it comes with some big advantages: you'll come out several thousand dollars ahead over the life of the loan in total interest paid and build equity much faster.

5/1 adjustable-rate mortgages

The average rate on a 5/1 ARM is 3.00%, adding 3 basis points since the same time last week.

These types of loans are best for those who expect to sell or refinance before the first or second adjustment. Rates could be substantially higher when the loan first adjusts, and thereafter.

Monthly payments on a 5/1 ARM at 3.00% would cost about $422 per month for the initial 5 years, but could ratchet higher by hundreds of dollars afterward, depending on the loan's terms.



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What US banks offer foreign national mortgages? - Quora

Find a local, licensed loan originator who works for a non-depository mortgage lender OR a mortgage broker. Either of these entities (and not a bank) will be able to help you locate a lender willing to lend. You do not have to be a U.S. citizen to obtain a mortgage in the U.S.  Here's another trick.  The industry uses this website as a way to shop and see what lenders have to offer their customers:




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