Trending...
- 'Public Speaking Without Panic' Launches to Help Leaders Speak with Confidence
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
Goodloan.io a premier resource in securing the best mortgage terms and rates, has published an update regarding the current average for mortgage interest rates.
SCOTTSDALE, Ariz. - Michimich -- GoodLoan.io a premier mortgage solution has released the following updates regarding Mortgage Interest Rates:
30-Year Fixed Mortgage Rates
The average rate fell on a 30-year fixed mortgage, slipping to 5.44% from 5.47% yesterday. The 52-week high is 5.64%. Currently at GoodLoan.io we are able to offer rates below the current average.
The 30-year fixed mortgage APR is 5.45%. At this time last week, it was 5.50%. Here's why APR is important.
According to the GoodLoan.io mortgage calculator, homebuyers with a 30-year fixed-rate mortgage of $100,000 will pay $564 per month in principal and interest (taxes and fees not included) at today's interest rate of 5.44%. In total interest, you'd pay $103,051 over the life of the loan.
More on Michimich.com
15-Year Fixed Mortgage Rates
Today, the 15-year fixed mortgage rate sits at 4.77%. Last week, it was 4.84%. Today's rate is higher than the 52-week low of 2.28%.
On a 15-year fixed, the APR is 4.75%. Last week it was 4.88%.
Jumbo Mortgage Rates
On a 30-year jumbo, the average interest rate is 5.33%, lower than it was at this time last week. The average rate was 5.36% at this time last week. The 30-year fixed rate on a jumbo mortgage is currently higher than the 52-week low of 3.03%.
5/1 ARM Rates
On a 5/1ARM, the average rate rose to 3.92% from 3.87% yesterday. The average rate was 3.85% last week. Today's rate is currently the 52-week high.
Calculating Mortgage Payments
If you can't or don't want to pay cash, a good partner like GoodLoan.io and mortgages will be part of your home buying process. It's important to figure out what you'll likely pay each month to see if it fits into your budget.
Using our mortgage calculator can help you estimate your monthly mortgage payment based on your interest rate, purchase price, down payment and other expenses.
More on Michimich.com
Gather these data points to calculate your monthly mortgage payment:
What you can afford depends on a number of factors, including your income, debt, debt-to-income ratio, down payment and credit score.
The type of loan you choose can also affect how much house you can afford. When shopping for a loan, think about whether a conventional mortgage, FHA loan, VA loan or USDA loan is best for your particular situation.
For more information or to apply online visit GoodLoan.io
30-Year Fixed Mortgage Rates
The average rate fell on a 30-year fixed mortgage, slipping to 5.44% from 5.47% yesterday. The 52-week high is 5.64%. Currently at GoodLoan.io we are able to offer rates below the current average.
The 30-year fixed mortgage APR is 5.45%. At this time last week, it was 5.50%. Here's why APR is important.
According to the GoodLoan.io mortgage calculator, homebuyers with a 30-year fixed-rate mortgage of $100,000 will pay $564 per month in principal and interest (taxes and fees not included) at today's interest rate of 5.44%. In total interest, you'd pay $103,051 over the life of the loan.
More on Michimich.com
- Top 5 Mistakes Entrepreneurs Make When Applying for SBA Loans
- Michigan Computer Supplies Expands Reach into Livingston County with New Brighton Service Offerings
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- Delta Industrial Provides Custom Flatwork for Factory Floors
15-Year Fixed Mortgage Rates
Today, the 15-year fixed mortgage rate sits at 4.77%. Last week, it was 4.84%. Today's rate is higher than the 52-week low of 2.28%.
On a 15-year fixed, the APR is 4.75%. Last week it was 4.88%.
Jumbo Mortgage Rates
On a 30-year jumbo, the average interest rate is 5.33%, lower than it was at this time last week. The average rate was 5.36% at this time last week. The 30-year fixed rate on a jumbo mortgage is currently higher than the 52-week low of 3.03%.
5/1 ARM Rates
On a 5/1ARM, the average rate rose to 3.92% from 3.87% yesterday. The average rate was 3.85% last week. Today's rate is currently the 52-week high.
Calculating Mortgage Payments
If you can't or don't want to pay cash, a good partner like GoodLoan.io and mortgages will be part of your home buying process. It's important to figure out what you'll likely pay each month to see if it fits into your budget.
Using our mortgage calculator can help you estimate your monthly mortgage payment based on your interest rate, purchase price, down payment and other expenses.
More on Michimich.com
- American Plastic Solutions Launches FAQ to Provide Tailored Plastic Fabrication Solutions
- AdviCoach of Southeast Michigan Helps Business Owners at Every Stage
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
Gather these data points to calculate your monthly mortgage payment:
- Interest rate
- Down payment amount
- Home price
- Loan term
- Taxes
- Insurance
- HOA fees
What you can afford depends on a number of factors, including your income, debt, debt-to-income ratio, down payment and credit score.
The type of loan you choose can also affect how much house you can afford. When shopping for a loan, think about whether a conventional mortgage, FHA loan, VA loan or USDA loan is best for your particular situation.
For more information or to apply online visit GoodLoan.io
Source: GoodLoan.io
Filed Under: Home
0 Comments
Latest on Michimich.com
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- 'Public Speaking Without Panic' Launches to Help Leaders Speak with Confidence
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Rocket Companies Completes Acquisition of Redfin
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- NEW CHILDREN'S BOOK RELEASE: "Mommy, Where Is My Daddy?" by Tracy L. Gray
- UNIVERSAL MUSIC GROUP AND THE UCLA HERB ALPERT SCHOOL OF MUSIC ESTABLISH THE BERRY GORDY MUSIC INDUSTRY SCHOLARSHIP TO HONOR THE LEGACY OF A MUSIC PIONEER
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence