Learn the difference between fixed rate mortgages and adjustable rate. find out If you're eligible for special mortgages such as FHA loans, Jumbo loans or VA.
The Mortgage Bankers Association. The rate for a jumbo 30-year fixed-rate mortgage dropped from 4.22% to 4.15%. The average interest rate for a 15-year fixed-rate mortgage decreased from 3.48% to 3.
Mortgage Rates No Points How To Calculate Mortgage Rates To calculate a mortgage payment for a fixed-rate mortgage, you will need to know your principal amount, interest rate, and length of loan: Principal amount: This is the amount of the mortgage or amount you want to borrow. In the example below, this amount is $100,000.