Today's best mortgage and refinance rates: Friday, October 30, 2020 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Mortgage rates are still at historic lows, so it could be a great time to lock in a low rate

The 30-year refinance rates have gone down since last Friday. The 15-year and 10-year refinance rates have each gone up, although 10-year rates only increased by a single basis point. The 30-year and 15-year refinance rates have increased since the end of September, and 10-year rates have decreased.than on 15-year or 10-year fixed-rate mortgages. For a long time, you'd also pay a higher rate on a 30-year fixed loan than on a 5/1 ARM. But right now, 30-year fixed rates the better deal.

However, your monthly payments will be higher on a 15-year loan than on a 30-year loan. You're paying off the same principal amount in a shorter amount of time, so you'll pay more each month.A 10-year term isn't very common for an initial mortgage, but you may refinance into a 10-year fixed mortgage.

You used to be able to get a lower rate during the intro rate period with an ARM than with a fixed-rate mortgage. But right now, fixed rates are lower.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

More good news please(((

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why I'm keeping cash in a high-yield savings account despite rates - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You might want to delete the tweet and repost without the error, you wrote 1%
Source: BusinessInsider - 🏆 729. / 51 Read more »

Over 50 execs have praised influencer marketing to investors in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Chart shows rise in gun purchase attempts by first-time buyers in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I'll help 15 people to earn £10k in 5days, but you will pay me 20% of your profit when you receive it. No Scam! Ask me How? Whatsapp +44 7727 731136 Its about time. After antifa bandits rioting, punching, and kicking everyone, I think that is the only one way: buy weapons to defend yourselves. Best part is lefties are buying and asking righties for advice and training. The 2nd Amendment is literally uniting the United States.
Source: BusinessInsider - 🏆 729. / 51 Read more »