On saturday october 03 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the average 20 year fixed mortgage rate is 3 000 with an apr of 3 270.
Current interest rates for 20 year fixed mortgage.
Conforming and government loans.
The average 30 year fixed mortgage rate fell 5 basis points to 3 05.
These rates continually fluctuate but they often follow this pattern.
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A 20 year fixed mortgage is a loan with a term of 20 years whose interest rate stays the same for the duration of the loan.
View current mortgage interest rates and recent rate trends.
For example on a 30 year mortgage of 300 000 with a 20 down payment and an interest rate of 3 75 the monthly payments would be about 1 422 not including taxes and insurance.
This rate was 2 95 yesterday and 2 96 last week.
20 year fixed mortgage rates.
Compare mortgage rates from multiple lenders in one place.
On monday september 28 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the average 20 year fixed refinance rate is 2 990 with an apr of 3 100.
For example a 30 year fixed loan may be available at 4 a 20 year at 3 75 a 15 year at 3 50 and a 10 year at 3 25.
Nationally 20 year fixed mortgage rates are 2 95.
On saturday october 03 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 080.
The normal rule when comparing mortgage plans is that a longer term loan will typically have a higher interest rate than a shorter term.