30-year mortgage rate 6.85%
Uncover 30-Year vs 15-Year Savings at 6.85
A 30-year mortgage at 6.85% means a $300,000 loan costs about $1,812 per month in principal and interest, raising total interest to roughly $57,300 over the loan’s life. This rate pushes monthly cash-outflow higher than the historic 5.50% baseline and tightens borrowing room for