When interest rates rise consumers tend to shift more toward using adjustable-rate mortgages to purchase homes. Advantages of a 15-Year Fixed-Rate Home Loan. The big advantage of a 30-year home loan over a 15-year loan is a lower monthly payment. However, for those who can afford the slightly higher payment associated with a 15-year mortgage.

 · Historical Mortgage Rates: Averages and Trends. – ValuePenguin – 30-Year vs. 15-year fixed-rate. average interest rates for 15-year fixed-rate mortgages have followed the same historical trend as 30-year mortgages, with rates for both remaining historically low. However, interest rates on the 30-year loans have always been slightly higher.

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15 year mortgage rates, 15 yr fixed mortgage rates chart and history since 1991. The rates are calculated by U.S. mortgage giant freddie Mac. They publish rates once a week. The rates are average for conforming mortgages with 20% down.

Home Interest Rates 15 Year Fixed 15 Years Refinance Rates 15-Year Mortgage Rates – Compare Today's Rates | Bankrate.com – *Interest rates differ because 15-year fixed rate mortgages typically have lower interest rates than a 30-year fixed rate. Mortgage calculator – estimate your monthly payment and see how much house you can afford. Compare today’s top refinance rates.Items Tagged with ’15-year fixed rate loan’ – 30-year fixed mortgages may. In fact, total interest over the life of the loan is over three times higher on a 30-year mortgage than on a 15-year mortgage, and that’s just for a median priced home..

On the surface, a 15-year mortgage rates are going to be lower than 30. Both rates are still near historical lows, but have risen noticeably in.

One drawback of a 15-year mortgage is that consumers will be locked into higher monthly compared to a traditional 30-year mortgage or a 5-year or 7-year adjustable rate mortgage, "which could put.

The actual interest rate and fees available to you will be based on your credit history and may be different than the rates displayed here. All rates shown below include a reduction of 0.125% which requires a Valley checking account established at time of loan origination with automatic monthly mortgage payment deduction.

Mortgage Rates History 1980 through 2017 historical mortgage rates. National Average Contract Mortgage Rate: Index History. National Average Contract Mortgage Rate For the Purchase of Previously Occupied Homes By Combined Lenders. The National Average Contract Mortgage Rate is derived from the Federal Housing Finance Board’s Monthly Interest.

The average interest on a 30-year, fixed-rate mortgage rose just a hair this week, to 4.86 percent.. Of course, you can still get 5-, 15-, and 20-year mortgages, if you can afford the. A history of the Fed's interest rate hikes.

Average 15-Year Mortgage Rates. Here are the current average 15- year mortgage rates in each state. Average 15-year fixed mortgage rates tend to be lower than rates for 30-year home loans. While this does mean less money spent on interest, the monthly payments on a.