Rates for home loans tumbled, sending the benchmark to its lowest since late 2016. The 30-year fixed-rate mortgage averaged 3.73% in the June 27 week, down 11 basis points, Freddie Mac said Thursday.
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2018, 2019, 2020, 2021, 2022. Rate, Pts, Rate, Pts, Rate, Pts, Rate, Pts, Rate, Pts . January, 4.03, 0.5, 4.46, 0.5. February, 4.33, 0.6, 4.37, 0.5. March, 4.44, 0.5.
Monthly payments on a 15-year fixed refinance at that rate will cost around $699 per $100,000 borrowed. That’s obviously much higher than the monthly payment would be on a 30-year mortgage at that.
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