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What fixed rate mortgage terms are available for refinancing?

April 26, 2017fixed rate mortgage refinancing terms

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What fixed rate mortgage terms are available for refinancing?

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Fixed rate mortgages usually come in 15 year, 30 year, and 40 year terms. The shorter the span of the mortgage in years, the lower the interest rates typically will be. The most common term for a fixed rate mortgage is 30 years, but 15 year mortgage loans are very common when refinancing.