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For every $100,000 borrowed on a 15-year mortgage, you'll save nearly $44,000 over the long-term in mortgage interest costs over a 30-year.
Last quarter, 1 in 4 conforming mortgage applicants ditched their 30-year mortgage for a 15-year fixed. There are good reasons why, too.
Looking for the lowest mortgage rates of your lifetime? Act now. The Federal Reserve has spoken. The bond market rally is over.
Freddie Mac reports the 30-year fixed at 4.09% this week. Freddie Mac is wrong. Mortgage rates are lower.
It's an excellent time to lock a 15-year fixed rate mortgage. Versus comparable 30-year loans, conforming 15-year mortgage rates are "on sale" -- and cheap.
As compared to the day *after* the expiration of the $8,000 home buyer tax credit, today's cost of carrying a 30-year fixed rate mortgage to term is lower by $51,000. Mortgage rates are on a 6-month rally.
For some people, the major financial goal is to pay off the house in full, and bid adieu to the mortgage. To accomplish that goal, they stuff aside extra payments month after month into the home until the mortgage is paid off. What a terrible waste of money. I present...
