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.

Depending on your situation, refinancing to a 15-year mortgage could either improve your financial situation or make it harder to reach your other financial goals. Here are some of the major factors to consider when determining if a 15-year mortgage is right for you.

Interested in refinancing your mortgage? View today's mortgage refinance rates for fixed-rate and adjustable-rate mortgages to see if you could lower your.

The 30-year fixed mortgage rate decreased eight basis points to 3.93 percent. "In just the last two weeks, rates have decreased 15 basis points and the refinance index has increased more than 50.

Dave Ramsey was WRONG about getting a 15 year Mortgage: Here are the numbers Monthly payments on a 15-year fixed refinance at that rate will cost around $697 per $100,000 borrowed. That’s obviously much.

Usda 0 Down Loans Home Loans Houston Tx Other houston mortgage types mixed. The average rate for 30-year jumbo mortgages fell this week, down 2 basis points to 4.44 percent. Jumbo mortgages are used for loan amounts above limits set by.