By the end of the 1980s, yearly inflation returned to a healthy 3.5% and mortgage rates dropped to around 10%. This downward trend continued throughout the 90s, as rates held between 6.49% and 10.67%. Over the past 20 years, rates for 30-year fixed rate mortgages have largely remained in the single digits, peaking at 8.64% in May of 2000.

You can use Bankrate’s mortgage calculator to figure out your monthly. in total interest paid and build equity much more rapidly. The average rate for a 10-year fixed-refinance loan is 3.41 percent.

Data from the mortgage bankers association covering early 2016 says that fixed-rate loans for terms other than 30 or 15 years, primarily 20 or 10-year mortgage loans, represented 18 percent of all refinances (an increase of 57 percent from the previous year).

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You can use Bankrate’s mortgage calculator to estimate your monthly. loan in total interest paid and build equity much more rapidly. The average rate for a 10-year fixed-refinance loan is 3.18.

You can use Bankrate’s mortgage calculator to figure out your monthly. in total interest paid and build equity much more rapidly. The average rate for a 10-year fixed-refinance loan is 3.26 percent.

Current Refinance Rates Texas Sometimes, it may be better to pay more each month to pay your mortgage off faster. If you can afford it, 15-year mortgage rates in Texas are significantly lower than 30-year rates, and the fact you pay them off twice as fast means you can save huge amounts of interest. Texas mortgage rates aren’t the same for all borrowers.

10-Year Mortgage Rates Low rates. Not only is the term shorter, but 10-year mortgage rates also are typically lower – by as. Build equity fast. You will pay off the debt and build equity faster than you would. Pay less interest. A 10-year mortgage can save you an eye-popping amount. higher.

You can use Bankrate’s mortgage calculator to estimate your monthly. loan in total interest paid and build equity much more quickly. The average rate for a 10-year fixed-refinance loan is 3.57.

Current Daily Mortgage Rates Mortgage and real estate news including mortgage rates, processing, and refinancing. Mortgage and real estate news including mortgage rates, processing, and refinancing.. More In Mortgages.

How to Pay Off your Mortgage in 5 Years For example, if you want a 20-year refinance, you’ll need to find lenders who offer more than 15- and 30-year options. Similarly, not all lenders have VA, USDA or FHA loans, or other special programs. You may also want a lender that lets you select from a range of adjustable-rate mortgage refinance loans.

The 10-year fixed-rate mortgage A variety of lenders offer a 10-year fixed interest rate mortgage, typically their shortest term available. These mortgages are typically repaid over 10 years on a schedule of regular, equal-sized payments.