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Mortgage rates stayed relatively flat this week after an increase last week due to the Federal Reserve's short-term interest rate increase. The average fixed-rate mortgage averaged 5.74% for the week ending Nov. 18 according to the weekly Freddie Mac survey, down slightly from the week before. 15-year fixed-rate mortgages also remained steady at an average of 5.15%. The nationwide mortgage rate averages don't include points (fees that are added on to get the mortgage) with both the 30-year and 15-year mortgages averaging a 0.6 point fee.
15-year fixed rate mortgages are a popular option with those <A HREF="http://www.savingadvice.com/forums/showthread.php?t=31">refinancing their home mortgage</A> to save money. With interest rates still relatively low, it makes financial sense to refinance if you haven't done so in the past few of years.
15-year fixed rate mortgages are a popular option with those <A HREF="http://www.savingadvice.com/forums/showthread.php?t=31">refinancing their home mortgage</A> to save money. With interest rates still relatively low, it makes financial sense to refinance if you haven't done so in the past few of years.