US 30-yr fixed borrowing costs sat near ~7.5% recently, while 15-yr fixed loans were near ~6.7%, with both ticking above prior-day averages.
On a $300K loan, a 30-yr term meant ~$452K in lifetime interest, versus ~$175K with a 15-yr term at recent national averages.
Other US loan options recently:
Jumbo 30-yr: ~7.6%
Insured 30-yr: ~6.8%
Veterans 30-yr: ~6.9%
Rural 30-yr: ~7.0%
Applications slipped ~2% in Late-Q3, and adjustable-rate share reached ~10% as some borrowers responded recently to fixed options priced >1 point higher.
Shopping multiple lenders may save ~$600-$1.2K yearly, and comparing loan types matters too: stronger credit fit conventional loans, while lower scores may suit government-backed options.
U.S. Mortgage Rates Jump Upward | Schedule a meeting today! https://calendar.app.google/DxNYdmSBXLTQXraFA

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