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This week fixed mortgage rates for 30-year fixed mortgages fell according to Zillow. The national current rate borrowers are being quoted in Zillow Mortgages is 3.75 percent which is down 8 basis points in comparison to the same time last week.
The 15-year fixed mortgage rates also flexed a bit, going from 2.92 percent to 2.72 percent.
For those of you who are in our home state of Florida, the market average for 30-year fixed rates is 3.87 on Zillow’s mortgage rate trends.
With Zillow’s mortgage calculator you can estimate your monthly mortgage with the following info: the home price, down payment amount, and interest rate. Your estimate will include insurance, and taxes.
Remember, as helpful as this tool is, you can’t know these exact numbers until you sit down with a bank. These are simply estimates to get you started.
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