Today’s average rate on a 30-year mortgage (fixed-rate) remained at 6.1% from 6.1% yesterday. At this time last week, the 30-year fixed was 6.03%. The 30-year fixed mortgage APR inched up to 6.14%. At this time last week, it was 6.06%. Here’s why APR is important.  At an interest rate of 6.1%, a 30-year fixed mortgage would cost $606 per month in principal and interest (taxes and fees not included) per $100,000 borrowed, according to the Forbes Advisor mortgage calculator. You’d pay around $118,973 in total interest over the life of the loan per $100,000 borrowed.

 

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