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Web1 day ago · The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances fell to 6.26% from 6.36%. For 15-year fixed-rate mortgages, the average interest rate fell to 5.78% ... Web2 days ago · HECMs can be either fixed rate or variable rate. The fixed-rate option is available only if you’re taking a lump sum distribution of the loan proceeds. ... This is the … Webthe most popular mortgage that has a fixed interest rate and a loan period of thirty years traditional mortgage a loan with an initial fixed interest rate that then becomes variable … luxury hotels in turks and caicos