Borrowers should take advantage of today’s slowing rates to lock in their preferred term ahead of likely increases.
. Actual rates may vary. Credible, a personal finance marketplace, has 5,000+ Trustpilot reviews with an average star rating of 4.7 .Mortgage rates have edged up for 20-year terms, hitting 6%. Meanwhile, rates for 10-, 15-, and 30-year terms have held steady. Rates for 15-year terms have remained today’s lowest at 5.625%, while rates for 30-year terms have stayed at today’s highest at 6.625%. Rates for 10-year terms have held steady at 5.875%.
You’ll also want to compare rates from different lenders before settling on a single loan. Credible can help you do this. According to research from
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