Mortgage interest rates today: Rates are unchanged
Today’s interest rate for a 15-year fixed-rate mortgage is 5.125%, which is unchanged from yesterday. The monthly payment for a $250,000 mortgage with a 15-year term and a fixed interest rate of 5.5% would be $2,042.71. The payment for the same loan with a 6% interest rate would be $2,109.64.
Today’s 30-year mortgage interest rates remain at 5.990% while 15-year rates drop to 4.990%
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 16, which is unchanged from Friday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 4.990%, which is 0.010 percentage points lower than on Friday.
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 19, which is unchanged from yesterday.
Mortgage rates don't follow the Fed exactly, but they are influenced by policy and could move on Wednesday's news.
Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.
1don MSN
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