Conventional Mortgage

Over 2200 Glossary Terms

Conventional Mortgage

This refers to a fixed-rate, 30-year mortgage that is not insured by the government (FHA, Farmers Home Administration (FmHA) or Veterans Administration). In this mortgage the interest rate will not change during the entire term of the loan.

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Loan Type Today
30 yr fixed 5.03
15 yr fixed 4.58
5/1 ARM 3.99

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