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- – 30-year mortgage rates change daily and are based on market conditions such as stock market and bond market. They are typically .25% to .5% higher than 15-year fixed rate mortgage or adjustable rate mortgages.
Mortgage rates just tanked thanks to the Fed – and they could go even lower – Looking at the 30-year fixed rate on a $300,000 mortgage, every 25 basis point move down means a savings of $50 on a monthly payment. mortgage rates fell quickly after the Fed’s announcement Wednesday.