The difference between 15 Year Fixed mortgage rate and thirty year fixed mortgage rate is you could refinance mortgage for 15 years or 30 years. for 15 YearFixed mortgage rate mortgage,the rate is a litte low,but for the same loans, your monthly payment must be higher than thirty year fixed mortgage ratemortgage.for many home buyers, the thirty year fixed mortgage rate mortgage may be their best choice.

when you want to refinance  a thirty year fixed mortgage rate mortgage,you also could reduce your monthly payment.at the present lowest mortgage rate,it is thebest time for you to refinance you home.

you could find the National Mortgage Rate as following to make a good Decision before you first time to buy your home or refinance your home.

15 Year Fixed mortgage rate:   Today: 4.566%  Last Week: 4.749%.
30 Year Fixed mortgage rate: Today: 5.049%  Last Week: 5.284%.
1 Year ARM mortgage rate:        Today: 3.474%  Last Week: 3.569%.
5/1 Year ARM  mortgage rate:  Today: 3.630%  Last Week: 3.784%.

you also can find the National Mortgage Rate Trends as above pictures to show clearly.

Red line is for thirty year fixed mortgage rate,Blue line is for 15 Year Fixed mortgage rate,green line is for 5/1 Year ARM  mortgage rate,another one is for 1Year ARM mortgage rate. hope you have a good choice. you also could find best mortgage rate supplier in our articles.

 What Does Thirty Year Fixed Mortgage Rate Mean Relate post:
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Data show that  as of 13:40 7th.August New York time, the Fannie Mae current coupon rate on 30-year fixed mortgage rate bond yields rose 4 basis points to 4.72%. higher than 4.38% in July 31th. a the highest level record since June 19th.  

Fannie Mae current coupon rate on 30-year fixed rate mortgage bonds and 10-year spread between government bonds rose 4 basis points to 0.97 percentage points,which isthe highest level since July 21th. Prior to this, the spread in the August 3th KUSAKABE touch 0.88 percentage points, hit its lowest level since more than two months.

Freddie Mac said today that as of August 5th, 30-year fixed mortgage rates average interest rate fell to 5.22%,is the first time to decline since these three-week. Prior to this, the interest rate in April fell to 4.78% of the temporary low. then in June rose to 5.59%, the Federal Reserve led investors to curb the rising costs of financing efforts ended in failure may be emotional concerns.

This week, the 10-year bond yield rose to the highest since June, because the most recent published reports show that the U.S. economy is improving, investors bought high-risk funds, so as to promote the so-called ” agency mortgage bonds “increased.

New home mortgage rates will rise-Fannie Mae mortgage bond yields rose relate post: 
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Can’t Refinance, Mortgage Upside Down?

Mortgage rates fell dramatically over the past monthes.last month,when the Federal Reserve said it would buy $1.2 trillion in mortgage-backed securities and $300 billion in long-term government debt,the mortgage rates fell further.In particular the average rates on 30-year fixed-rate mortgages.

Low rates have made a surge in refinancing activity.with nearly 80 percent of new home loan applications coming from borrowers seeking to refinance.

The average rate on a 15-year fixed-rate mortgage fell to 4.48 percent.which is low 0.06% than 4.54 % on previous week.Rates on five-year adjustable-rate mortgages fell to 4.88 percent from 4.93 percent and rates on one-year adjustable-rate mortgages rose to 4.91 percent from 4.83 percent.

Qualifying for a loan is still tough.Lenders have tightened their standards dramatically over the past year, so the best rates are available only to those with solid credit.

Last Saturdays,Frank Nothaft,chief analyst in United States mortgage.pointed out that home sales near the bottom  in the country. the current one-third of sales real estate are foreclosure  housing. However, Nothaft also said that the existence of the default risk of loans in arrears in the future.Rising unemployment is the major factor drive borrowers to be subprime.and the decline in house value also increased the risk of foreclosure.

He pointed out that Federal Housing Administration (FHA)make a surge in refinancing.the 30 year fixed mortgage rates is the lowest in the past 50 years.

Relate link:  wells fargo home mortgage   current mortgage rates    mortgage refinancing calculator   Explain refinancing a mortgage