Currently, the average interest rate on a 30-year fixed mortgage is 6.83%, compared to 6.86% a week ago, according to the Mortgage Research Center. For borrowers who want to pay off their home faster, the average rate on a 15-year fixed mortgage is 5.85%, down 0.10% from the previous week. Homeowners who want to lock […]
Key Takeaways Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates Online banks tend to offer the best yields available Rates on savings accounts are the same compared to one week ago. You can now earn up to 5.84% on your savings. […]
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit […]
Key Takeaways Today’s highest CD rate is 5.02% for a 1-year CD. CD rates from online banks are commonly twice as high as the national average rates. CD ladders let you leverage high rates without locking up all of your money long-term. The best interest rates on CDs—certificates of deposit—range as high as 5.02% today, […]
Key Takeaways The highest money market account rate available today is 4.89% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates The current average money market rate is 0.53%, while the highest rate is up to […]
30-year fixed refinance mortgage rates didn’t move at 6.89% today, according to the Mortgage Research Center. Rates averaged 5.84% for a 15-year financed mortgage and 6.73% for a 20-year financed mortgage. Related: Compare Current Refinance Rates !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[“datawrapper-height”][t]+”px”;r.style.height=d}}}))}(); 30-Year Refinance Rates Drop 0.23% The average rate for a […]
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Currently, the average interest rate on a 30-year fixed mortgage is 6.76%, compared to 6.85% a week ago, according to the Mortgage Research Center. For borrowers who want to pay off their home faster, the average rate on a 15-year fixed mortgage is 5.74%, down 2.03% from the previous week. If you’re thinking about refinancing […]
Key Takeaways The highest money market account rate available today is 4.89% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates As of today, the highest money market rate is 4.89%, compared to a national average […]
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit […]