"Loans with 20-year terms are more popular with refinances than purchases," says Joel Kan, director of economic forecasting for the Mortgage Brokers Association in Washington, D.C. "Less than 1 percent of purchase applications were for loans with 20-year terms, compared to 7 percent for refinances."
With a fixed-rate refinance loan, your monthly principal and interest payment stay the same for the entire loan term.. 15 Year Fixed 3.125%. APR layer. 30 Year Fixed 4.041%. 20 Year Fixed 3.959%.. Ask for details about eligibility, documentation and other requirements. Bank of America.
Polaris Funding Group mortgage rates are some of the best mortgage rates available these days. Fixed 30-year mortgage rates for a home purchase are currently quoted at 3.50 percent with $900 in mortgage fees. Polaris Funding Group’s 15-year mortgage rates are also very competitive right now at 3.00 percent and only $300 in fees.