Mortgage rates continued their move lower as 2018 comes to an end. Average 30 year mortgage rates today are at 4.61 percent, down from the prior week’s average 30 year mortgage rate of 4.67 percent. Current mortgage rates on 15 year fixed loans are averaging 3.78 percent, a decline from last week’s average 15 year rate of 3.84 percent.
You simply use the proceeds to pay off credit cards, medical bills, a second mortgage or any high-interest loans. Your refinance rate will likely be lower than the.
The HARP refinance program, which allows homeowners to refinance with no equity or even negative equity, will expire at the end of 2018. If you have not yet refinanced through this plan, you have.
The average refinance mortgage interest rates in the United States of America are 2,75% to 3% at the moment. One can check the current rates of different banks on their websites.
· The Home Affordable Refinance Program (HARP) allows owners of underwater homes to refinance to todayâs low interest rates. Refinancing is typically not possible for owners with little or negative equity. The key requirement for HARP eligibility is that the home loans must be owned by Fannie Mae or Freddie Mac.