Today's mortgage interest rates continued a recent trend, with decreases seen across various home loan terms. The average rate for a 30-year fixed mortgage is now 7.37%, while 15-year fixed mortgages are at 6.54%. Rates for 20-year fixed mortgages also decreased. Adjustable rate mortgages offer both risk and reward, with rates that can change over time. It's important to shop around for the best loan offers and take steps to strengthen your application before applying for preapproval.
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