Mortgage interest rates drop to 3.66% -USA Today

This post was published 8 years ago. Please, read this page keeping in mind that this home may have sold by now. You can always check current status by calling or texting (530) 356 4500 The Address Realty DRE # 01710206

A typical rate on a 15-year fixed mortgage has fallen to its lowest level in memory, according to USA Today. The rate for 15 year option dropped to 3.54% this week from 3.66% last week.
mortgages in Redding Ca
We have always recommended the 15 year mortgage if you can afford a bit higher monthly payment. You’ll save a ton of money over the 30 year loan. That’s the one we pick.
Mortgage Calculator in Redding Ca

In this scenario, the buyer saved $107,457 in interest payments over the course of the loan! Plus, enjoying 15 more years mortgage free. Here’s a link to that 15 year versus 30 year  mortgage calculator, so you can try your own scenario. Everybody’s circumstances are different, and maybe the 30 year mortgage means you get the house you want, and 15 isn’t an option. But you should know the cost.

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