Consumers Prefer Long-Term, Fixed-Rate MortgageAmong the benefits of the 30-year, fixed-rate prepayable mortgage are certainty
on the amount of payment for up to three decades, the ability to refinance ...
USATODAY - Rates on 30-year mortgages at 5.62%, lowest in 4 monthsRates on 30-year mortgages fell this week for the eighth time in the past nine weeks, hitting the lowest level in four months. Freddie Mac said Thursday rates on 30-year, fixed-rate mortgages averaged 5.62%, from 5.65% last week. ... For 15-year, fixed-rate mortgages, a popular option for refinancing, the average rate dipped to ...
Howstuffworks "How Mortgages Work"20-year fixed-rate - You can shorten your mortgage by 10 years and usually get
a lower interest rate with the 20-year mortgage. These aren't offered through ...