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Loan purpose Purchase Refinance. The best time to refinance will vary based on your. Advantages Disadvantages Fixed interest rate unpredictable, ARM loans are seen build equity at a slower Steady, predictable payments Higher interest as low-risk. Is a year fixed-rate mortgage payments for a new home.
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Lower mortgage rates spark real estate frenzy: What to knowNational year fixed mortgage rates go down to %. The current average year fixed mortgage rate fell 8 basis points from % to % on Friday. Current mortgage and refinance rates ; % � % � % � % ; % � % � % � %. Mortgage rates continued to inch up this week, reaching percent. It is clear purchase demand is very sensitive to mortgage rates in the current market.