An adjustable-rate mortgage (ARM) is a variable-rate loan, which means you get low initial rates and flexible terms. Initial lower interest rates could help you secure a smaller monthly mortgage payment and may help you qualify for a larger loan amount, giving you more buying power.

Compare Home Loan Interest Rate Fha Lower Interest Rate Long-term interest rates are setting up for a significant. to sit tight with a comfortable payment on an existing low mortgage rate versus selling their home in favor of cycling into a new.Check out today’s best mortgage rates where you live. "Concerns about global growth and ongoing trade disputes have pushed long-term interest rates lower, resulting in mortgage rates seeing their.Fixed Rate Mortgage Payment Calculator **ARM =Adjustable Rate Mortgage; The APR, interest rate and principal and interest payment for ARM loans are subject to increase and will change after the initial period due to market-driven changes to the index. The ARM rate index is the london interbank offered rate (libor). ephrata national bank, Member FDIC. Equal Housing Lender.

Multiple benchmark mortgage rates ticked downward today. The average rates on 30-year fixed and 15-year fixed mortgages both.

The average fee for the 15-year mortgage also remained at 0.5 point. The average rate for five-year adjustable-rate mortgages fell to 3.32% from 3.35% last week. The fee was steady at 0.3 point.

Depending on the length of the initial interest rate period, an ARM will come with an interest rate of 0.25% to 0.50% below a 15 year’s interest rate. Most ARM loans have a maximum loan cap stated on them, though this cap is typically significantly higher than the rate charged for a conforming 15-year or 30-year fixed-rate mortgage.

Today’s mortgage rates on 15 year conforming loans are averaging 3.76 percent, down from an average 15 year rate of 3.78 percent. 5 year adjustable mortgage rates are down to 3.94 percent, a decline from the prior week’s average rate of 3.97 percent.

The average 15-year mortgage rate fell to 3.46% from 3.51% the week before. It was 4.06% a year earlier. Interest rates on five-year adjustable mortgages averaged 3.60%, down from 3.68% the prior week.

The 15-year fixed-rate mortgage during the week averaged 3.28%, down 18 bps from 3.46% in the prior week, while five-year adjustable-rate mortgage declined 8 bps to 3.52%. Following the release of the.

Rates displayed are AmeriSave’s historical 30 year fixed, 15 year fixed and 7 year adjustable rates. Rates shown do not include additional fees/costs of the loan. These are rates that have been previously available during the indicated time period and not an indication of what is available today.

2Nd Mortgage Loans Rates Best 15 Year Fixed Rate Yes, finding the best mortgage interest rate is a big deal. You can also select different loan programs and compare 30-year mortgage rates to 15-year mortgage rates. Fixed and adjustable rate.* rates, fees, and annual percentage rates (aprs) displayed are intended as mortgage market indicators only, are time-delayed, and may change without notice. The information provided assumes the purpose of the loan is to purchase a primary residence, single-family dwelling in Utah with a 40% down payment.

30-Year vs. 15-Year Fixed-Rate. As of 2015, nearly 70% of homeowners with a mortgage reported that their term length was between 28 and 32 years, while only 11% reported having a mortgage with a term between 13 and 17 years. Below is an example of the cost differential for 15- and 30-year mortgages at 2017 rates.

A week after soaring to their highest levels in months, mortgage. a year ago. The 15-year fixed-rate average tumbled to 3.38 percent with an average 0.5 point. It was 3.44 percent a week ago, the.