Current Mortgage Rates for June 16, 2022
30-year fixed mortgage rates rose today.
According to Bankrate.com, the average rate for a 30-year fixed mortgage was 6.10%.
The average rate for a 15-year fixed mortgage is 5.24%.
The average rate for a 30-year jumbo loan is 5.96% and that of a 5/1 ARM, 4.02%.
Fixed 30-Year Mortgage Rate
The average rate for a 30-year fixed mortgage rose to 6.10%, up from 5.97% just one day earlier
A 30-year fixed rate APR is 6.1%. It was 5.58% at the time of writing. APR refers to the total cost of your loan
Homebuyers who have a $100,000 30-year fixed rate mortgage will pay $606 per monthly in principal
and interest at today's rate of 6.10% (taxes not included). This is according to the Forbes Advisor mortgage calculator.
Over the term of the loan, the total interest would be $118,158.
Source forbes.com