Today's mortgage interest rates are at 6.60% for a 30-year fixed mortgage, 5.57% for a 15-year mortgage, and 6.90% for a 30-year jumbo mortgage.
The APR on a 30-year fixed mortgage is 6.63%, with a monthly cost of $639 per $100,000 borrowed and a total interest payment of $130,560 over the loan term.
15-year fixed mortgage rates are at 5.57%, with an APR of 5.62% and a monthly cost of $821 per $100,000 borrowed, resulting in approximately $48,176 in total interest paid.
Mortgage rates have fluctuated due to economic factors, including Federal Reserve decisions and global events; experts do not anticipate a significant drop in rates in the near future.