Interest is also a monthly (if not daily) event, and those recurring interest calculations add up to big numbers over the course of a year. Whether you’re paying interest on a loan or earning interest in a savings account, the process of converting from an annual rate to a monthly interest rate is the same.
15 Year Mortgage Rate forecast for September 2019. Maximum interest rate 3.20%, minimum 2.97%. The average for the month 3.07%. The 15 Year Mortgage Rate forecast at the end of the month 3.06%.
Current Mortgage Rates 15 Year Refinance Refinance Rate For Rental Property You may not need a 75% LTV to qualify for a refinance. You will need more documentation if you wish to include rental income. Refinancing a rental property, which some lenders call an investment.