Friday September 1, 2017
The average 30-year loan rate has dropped below 4%. Rates have dropped to their lowest level of the year, according to Bankrate.com's weekly national survey, released 8/31/17. The average 15-year fixed mortgage rate dipped to 3.20%. For homeowners looking for lower monthly payments, this rate drop may mean that now is the time to buy. To find out how rates effect your monthly payment or to see how much home you can afford, start by using our mortgage calculator.