According to a report by Forbes.com, the current average mortgage rate on a 30-year fixed mortgage is 7.35%. Additionally, the average rate on a 15-year mortgage stands at 6.60%, while the average rate on a 30-year jumbo mortgage is 7.21%. Trends in 30-Year Fixed RatesToday’s average rate on a 30-year mortgage (fixed-rate) has slightly decreased to 7.35% from yesterday’s 7.41%. 30-Year Fixed-Rate Mortgage AnalysisAt the current interest rate of 7.35%, homeowners with a 30-year fixed-rate mortgage of $100,000 would pay approximately $689 per month solely for principal and interest. Key Takeaway– The average mortgage rates for a 30-year fixed, 15-year fixed, and 30-year jumbo mortgage are 7.35%, 6.60%, and 7.21% respectively.

Source: Forbes July 28, 2023 06:27 UTC