Today’s mortgage interest rate for a 30-year fixed-rate loan is 6.88%, which is unchanged from Friday. While rates can fluctuate, it’s important to understand how they impact your monthly payment.
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.
Every lender sets its own terms for home equity loans, but most set a minimum amount of about $35,000 on the size of the loan. About $10,000 is the absolute minimum available.