What is a 30-year fixed-rate mortgage? A 30-year fixed-rate mortgage is a home loan that has a fixed interest rate for a term of 30 years and a stable monthly principal and interest payment.

10 Year Loan Interest Rates Treasury yields only affect fixed-rate mortgages. The 10-year note affects 15-year conventional loans while the 30-year bond affects 30-year loans. When Treasury rates rise, so do rates on these mortgages. Banks know they can raise rates once their primary competitor does.

Apply Now Compare Rates. We'll help you choose from a variety of mortgage rates and terms, based on your finances and. 8 year fixed2, 3.000%, $11.75.

30-year fixed-rate mortgage averaged 3.60% with an average 0.6 point for the week ending Aug 8, 2019, down from last week when it averaged 3.75%. A year ago at this time, the 30-year FRM averaged 4.59.

mortgage rates have stabilized with this week’s 30-year fixed-rate mortgage rate settling in near 3.8% for the third straight week. Sam Khater, Freddie Mac’s chief economist, said, “While the.

How It Works. YOURgage Basics. Conventional mortgage terms from 8 up to 29 years, all with a fixed rate. Buy a home that’ll be your primary residence with a down payment as low as 3%. Refinance up to 97% of your primary home’s value. Loan amounts up to $453,100 are available.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped. The refinance index grew 8 percent from the previous week, while the purchase index dropped 2.

It wasn’t much of a lift, but fixed mortgage rates moved higher for the fourth straight week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 4.

The 30-year fixed rate matched its lowest level of. The refinance index grew 8% from the previous week, while the purchase index dropped 2%. The refinance share of mortgage activity accounted for.

It can be fixed (otherwise known as a fixed-rate mortgage, or FRM), or adjustable (otherwise known as an adjustable rate mortgage, or ARM). The calculator above is only usable for fixed rates. For ARMs, interest rates are generally fixed for a period of time, after which they will be periodically adjusted based on market indices.