Current 15 Year Fixed Mortgage Rates
15-Year Fixed
Mortgage Rates for Sep. 13 - 20 , 2018*
| Product | Interest Rate | Points | National Average |
| 30-Year Fixed | 4.65% | 0.50 | 4.65% |
| 15-Year Fixed | 4.11% | 0.50 | 4.11% |
| 5/1 ARM | 3.92% | 0.40 | 3.92% |
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Source: Freddie Mac
- Rate changes: Never; fully fixed for entire term
- Benefits: Stable payments; builds equity faster; lower total interest costs than 30-year term
- Alternative Strategy: Consider 30-year term and prepaying loan to preserve cash-flow flexibility
- Useful for: Refinancing to lower total interest cost; retiring mortgage more quickly; building or rebuilding equity more quickly
- Consider if: Buying second home; refinancing to build equity; paying off mortgage before life event (retirement, etc)
- When shopping, ask about: If 15-year term makes the payment too high, whether 20-year term is available
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Veterans United
- More than 150,000 loans closed for Veterans and service members nationwide
- Specialize in VA Loans to offer a streamlined process
- Network of 6,000 Veteran-friendly real estate agents with Veterans United Realty
www.veteransunited.com