Year Mortgage Rates at Capital One, Commerce Bank Sep 16, 2015

But, for banks, what the Fed projects about where rates will be at the end of next year may be far more important. For mortgage rate trends, check with Zillow Mortages for its up-to-the-minute mortgages rates.

He adds: “As a result, nearly four in five mortgage advances were at a fixed rate in Q2, with growing numbers of borrowers opting for the security of regular mortgage payments and an extended window of paying rock-bottom rates”.

It’s a late-summer nail-biter: The U.S. Federal Reserve will announce its current policy for short-term rates on Thursday, ending weeks of suspense.

But higher rates won’t hurt the housing market overall, which should console homeowners watching their equity as well as home buyers concerned about their investment.

Interest rates are one of the most important drivers of bank earnings.

Retail and food services sales in August rose at a seasonally adjusted pace of 0.2% from July and 2.2% from the same time last year, according to data released this week from the U.S. Census Bureau.

The average interest rate for a fixed-rate private student loan may be a few points higher than those for variable-rate debt, but borrowers who have responsibly handled their loans since graduation may qualify for lower rates thanks to improvements in their credit scores, Kantrowitz said.

The benchmark 30 year fixed rate loans at Commerce Bank stand at 4.000% today carrying an Apr of 4.094%. A year ago at this time, the 30-year FRM averaged 4.23%.

Initial rate of 2.34% until 31/12/2017, then reverting to 4.00%. And it’s 5.15% to finance a used car over 36 months. The Fed’s last sequence of 17 quarter-point rate increases over two years ended in June 2006, while 10 subsequent cuts between September 2007 and December 2008 left the rate near 0%.

Chase is offering 3.625 percent interest with 0.625 points for its 30-year fixed rate mortgage, while its 15-year fixed rate loan is available at 2.875% interest with 1.125 points.

Initial rate of 1.24% until 31/10/2017, then reverting to 4.99%. An average deposit of 25% is therefore required as access to high LTV lending impacts not only first time buyers but also those hoping to move up the property ladder.

But that may not help you feel better if you’ve yet to buy and lock in a monthly payment at these historically low rates. Find out more about why this is one of our favourite long-term fixed mortgages.

Below are current rates for 30-year fixed mortgages by state. This offers more flexibility on key ratios for qualified buyers.

But you’ll also notice we pay a lot of attention to factors other than rate – fees, for example, and flexible features. Why? That means you can still get more home for your money than most people have for more than 40 years.