The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.267%, a decrease of about a basis point from the day before, according to data from mortgage data company Optimal Blue. Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 5.802%, up about 24 basis points for the same period.We ran the numbers through the mortgage calculator provided by the federal government’s Office of Financial Readiness. At the current rate of 6.267%, on a 30-year mortgage where you borrow $300,000, you’d pay roughly $366,169.31 in interest over the life of the loan.
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