Compare refinancing rates and learn more about how to refinance your mortgage .. advantages over the old one, such as a lower interest rate or a faster payoff.. left on your mortgage, you might refinance into a 15-year fixed-rate mortgage.

15 year jumbo mortgage rates are averaging 4.15 percent, down 1 basis point from the prior week’s rate of 4.16 percent. The best 15 year jumbo refinance rates quoted on the rate table are at 3.625 percent with 0.10 mortgage points.

RATE SEARCH: Find the best deal today for a 15-year mortgage. There are at least 2 ways that refinancing into a 15-year mortgage saves money: interest rates on 15-year, fixed-rate mortgages typically.

A 15-year fixed-rate mortgage maintains the same interest rate and monthly payment over the 15-year loan period. The 15 year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate. But monthly payments are usually higher than with other mortgages.

You’ll come out thousands of dollars ahead over the life of the loan in total interest paid and build equity much faster. The.

A 15-year fixed-rate mortgage maintains the same interest rate and monthly payment over the 15-year loan period. The 15 year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate. But monthly payments are usually higher than with other mortgages.

Today’s Mortgage Rates and Refinance Rates. 15-Year Fixed-Rate Jumbo 4.375% 4.391% 7/1 ARM Jumbo 4.125% 4.649% rates, terms, and fees as of 8/24/2018 10:15 AM Eastern Daylight Time and subject to change without notice. Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not displayed here.

30 Year Current Mortgage Rates Conventional Loans | Fixed-Rate Mortgages | U.S. Bank – The 30-year conventional fixed-rate mortgage has long been popular due to its fixed interest rate and lower monthly payments. However, since the interest payments are spread out over 30 years, you’ll pay more interest over the life of the loan than you would on a shorter-term mortgage.Best Mortgage Rates 20 Year Fixed Current Mortgage Rates: 30 Year Fixed Vs. 20 Year Fixed. – The 20-year fixed-rate mortgage is a good compromise for someone whose budget doesn’t allow him or her to make the monthly mortgage payment on a 15-year mortgage, but wants to pay off their loan in a shorter time than 30 years, while saving some money in interest. Other Differences Between 20-Year and 30-Year Mortgages

How 15-Year Fixed Mortgage Rates Stack Up Against Other Mortgage Rates . Mortgage rates tend to be lower with 15-year fixed mortgages than 30-year fixed mortgage rates because lenders take into consideration that you’ll pay back the loan in a shorter amount of time.

The first is the fact that 15-year mortgages generally carry a lower interest rate than 30-year mortgages. Using LendingTree’s mortgage rate tool , a 30-year, $250,000 mortgage in Brooklyn, N.Y., would currently have a 4.25% interest rate for someone would excellent credit.