The rate on a 30-year fixed refinance dropped to 6.93% today, according to the Mortgage Research Center. Rates averaged 5.92% for a 15-year financed mortgage and 6.73% for a 20-year financed ...

Simon Pressley is Head of Property Market Research and Managing Director at Propertyology ... For home loans, the base criteria include a $400,000 loan amount over 30 years. These rates are only ...