30-Year Fixed Mortgage Rates

• Payable over 30 years
• Amortized over 30 years
• Payments never change for 30 years
• Rate never changes for 30 years

A 30-year fixed mortgage is the traditional loan that comes to mind when most people think about mortgages. The payment never changes for 30 years and the rate is fixed for the entire 30 year period. The house is paid off after making the monthly payments for 30 years. An amortization table can show you the exact amounts that will go to principal and interest each month over the 360 month term. A borrower can always pay down the mortgage in less time by sending in additional principal payments. A 30-year fixed mortgage has always been the most common type of mortgage in the United States.

Many people have been refinancing into this type of mortgage and getting away from the non-traditional loans that became popular during the housing boom. 30-year fixed mortgage rates are now very low and many people can save money by refinancing into a very safe and predictable mortgage. Bi-weekly payments are also available to reduce the term of the loan. By sending in payments every 2 weeks you can essentially make one extra mortgage payment each year. This will reduce the term of the loan by at least a few years and will also reduce the amount of interest that is paid over the life of the loan.

Talk with one of our lenders and you can find much more information on mortgage rates 30 year fixed as well as find out how you may be able to benefit. Now is a great time to get out of a risky ARM loan and secure predictable payments with low 30-year fixed mortgage rates. Take advantage of our hard work and refinance with no lenders fees. We have worked hard to make refinancing simple and fair.