15 year Home Equity Loan Rates Today
10 year home equity loan rates are averaging 6.68%, down from last week’s average home equity loan rate of 6.73%.
15 year home equity rates are averaging 6.72%, up from last week’s average home equity loan rate of 6.62%.
HELOC Rates Current
Home equity line of credit rates currently are averaging 5.03%, unchanged from last week’s average rate HELOC rate.
15-year home mortgages falls:
Mortgage rates are the lowest since the government began keeping track in 1971 and could go lower still.
The average rate for popular 15-year home mortgages fell this week to a record 3.29%, Freddie Mac announced in its weekly primary mortgage market survey. The drop comes as the Federal Reserve made a move that is expected to keep mortgage rates extremely low for the foreseeable future.
The 15-year rate dropped from 3.30% last week. Buyers paid an average 0.6 point to get it. At this time last year, 15-year mortgages averaged 3.82%, which seemed remarkably low at the time.
Fifteen-year mortgages are experiencing new popularity, especially among older refinancers intent on paying off their mortgages before retirement,