Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Choosing the right mortgage term is a critical decision when purchasing a home. The two most common options are 15-year and 30-year mortgage terms. Let’s compare the advantages and disadvantages of each to help you make an informed decision: 15-Year Mortgage Advantages: Interest Savings: The most significant advantage of a 15-year mortgage is the amount… Continue reading 15-Year vs. 30-Year Loans Compared
Which suits you best? The 15-year fixed rate mortgage or the 30-year one? These tips may help you decide.
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.
30-year fixed rate mortgage rates have now dropped through 5 consecutive weeks, and in 11 of the last 12 weeks.
You could save 13% on your mortgage as compared to one year ago.
For as low as 30-year fixed rate mortgage rates are today, 15-year fixed rate mortgage rates are even lower.