what is the current interest rate

what is the current interest rate

1 year ago 46
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As of October 19, 2023, the current interest rates for mortgages and refinancing vary depending on the lender and the type of loan. Here are some examples of current interest rates from different sources:

  • Bankrate reports that the national average interest rate for a 30-year fixed mortgage is 7.64%, and the national average interest rate for a 30-year refinance is 7.83% .
  • NerdWallet reports that the interest rate for a 30-year fixed-rate mortgage is 7.315%, and the interest rate for a 15-year fixed-rate mortgage is 6.428% .
  • Wells Fargo reports that the interest rate for a 30-year fixed-rate jumbo mortgage is 7.5% .
  • U.S. Bank reports that the interest rate for a 30-year fixed mortgage is 7.875% .
  • Rocket Mortgage reports that the interest rate for a 30-year fixed-rate loan is 8.25% .

Its important to note that interest rates can change frequently and vary depending on factors such as credit score, loan amount, and location. Its best to check with multiple lenders to compare rates and find the best option for your specific situation.

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