National Average Rates
|30 year fixed||3.12%||3.12%|
|15 year fixed||2.44%||2.45%|
|30 yr fixed mtg refi||3.08%||3.10%|
In respect to this, what is the current 5-year mortgage rate?
Also know, is a 5-year fixed rate mortgage a good idea?
‘For borrowers who are concerned about market fluctuations and wish to be able to budget easily, a five–year fixed rate mortgage can provide some much-needed peace of mind and security,’ said Williams.