The 15-year fixed-rate mortgage averaged 4.06%, down from 4.15%. The Mortgage Bankers Association’s weekly index, shown in the chart above, demonstrates how applications for purchase – not.

The following charts chronicle the 15 Year Fixed mortgage from 1991, from 2000 to the present and from 2011 to the present. 15 Year Fixed Mortgage Rates Since 1991 15 Year Mortgage Rates Since 1991

MND List of Latest Daily Mortgage Rates. Founded in 2004, Mortgage News Daily has established itself as a leader in housing news, analysis and data.

The interest rate: 15-year loans typically have lower interest rates than 30-year loans, so you’ll pay less interest right from the beginning. Lifetime interest costs: The longer you borrow, the more interest you’ll pay, and your loan balance-the amount you pay interest on-remains higher for longer.

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The above table lists the monthly average rates for conventional and conforming, 15- and 30-year fixed-rate mortgages in the United States. Information on points can be found at the Freddie Mac website. Source: Mortgage Rates

Most mortgages will require a down payment amount upon closing. Be sure to subtract this amount from your purchase price to obtain the actual amount of your loan. For example, if you purchase a home for $200,000 with a down payment of $20,000, you should create an amortization schedule based on a principal of $180,000.

15-year FRM averages 3.88%, also unchanged from prior week. 5-year treasury-indexed hybrid adjustable-rate mortgage averages 3.90%, up from 3.87% in the previous week..

We examined data from Freddie Mac’s Primary Mortgage Market Survey to identify historical mortgage rate trends. Click to read about the history of 15-year fixed rate mortgages, 30-year fixed rate mortgages, and 5-1 hybrid adjustable mortgages.

This chart. mortgage rate would be the highest since April 2011: The average interest rate for 30-year fixed-rate mortgages backed by the FHA with 20% down rose to 4.58%, the highest since April.

Mortgage comparison: 15 years vs 30 years Overview The two most popular fixed-rate mortgages are the 15-year fixed and the 30-year fixed rate mortgages. There are pros and cons to choosing each type of mortgage and it really boils down to your own personal financial situation.

HSH’s Fixed-Rate Mortgage Indicator (FRMI) averages 30-year mortgages of all sizes, including conforming, expanded conforming, and jumbo. The FRMI has been published as a continuous series since the early 1980s. Separate statistical series for conforming and jumbo loans have long been available to HSH clients.