Mortgage Rates: Fixed vs Adjustable
Update: 2025-12-18
Description
Mortgage rates remain steady, with the average thirty-year fixed rate at six point zero five percent and fifteen-year fixed rate at five point five two percent. Refinancing rates are slightly higher, at six point one eight percent for a thirty-year fixed and five point six two percent for a fifteen-year fixed. These rates can vary based on individual factors. Fixed-rate mortgages offer predictability, while adjustable rates change periodically. Personal factors like credit score, debt-to-income ratio, and down payment can influence rates, as can broader economic conditions. The choice between a thirty-year and fifteen-year mortgage depends on individual financial goals.
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