Mortgage Interest Rate Chart

Mortgage Rate Update for May 15 The average rate borrowers were quoted on Zillow was 4.02% on 5/15/19. As of May 15, 2019, mortgage rates for 30-year fixed mortgages fell over the past week, with the rate borrowers were quoted on Zillow at 4.02%, down six basis points from May 8.

An Adjustable-rate mortgage (ARM) is a mortgage in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Also called a variable-rate mortgage.

Mortgage rates are on the cusp of a new era, ushered in by a rare action by the Fed: a rate cut during an economic boom. Typically, the Fed slashes rates in times of recession, as it did in 2008.

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The average 30-year fixed mortgage rate is 3.93%, down 12 basis points from 4.05% a week ago. 15-year fixed mortgage rates fell 5 basis points to 3.29% from 3.34% a week ago.

Lenders charge interest on a mortgage as a cost of lending you money. Your mortgage interest rate determines the amount of interest you pay, along with the principal, or loan balance, for the term.

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Interest Rates. global metrics. 30 year fixed Mortgage Rate – Historical Chart. Interactive historical chart showing the 30 year fixed rate mortgage average in the United States since 1971. The current 30 year mortgage fixed rate as of May 2019 is 4.07.

The prime rate is defined by The Wall Street Journal as "The base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks." The prime rate does not change at regular intervals.

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The above table lists the monthly average rates for conventional and conforming, 15- and 30-year fixed-rate mortgages in the United States.