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Recently, a reader with a 15-year mortgage and an interest in accelerated mortgage payoff asked if it was better to pay $100 per month extra ($1,200 per year) or make an extra payment at the end.
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Several benchmark mortgage rates ticked up today. The average for a 30-year fixed-rate mortgage floated higher, but the average rate on a.
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as the benchmark 30-year fixed mortgage rate rose to 4.07 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.17 discount and.
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A 15-year fixed-rate mortgage is a home loan with a repayment term of 15 years. It offers borrowers the same (fixed) interest rate and monthly payments.