US Mortgage RatesThere are basically two types of mortgages, based on the interest rates. They are the fixed rate mortgages and the floating rate mortgages. The fixed rate mortgages have term periods of 15 years and 30 years. The normal term period of the floating rate mortgages is one year.
The interest rate of the fifteen year fixed rate mortgages is 5.36% and the interest rate of the thirty year fixed rate mortgage is 6.05%. The interest rate of the floating rate mortgages is 3.79%.
US Mortgage Governmental AgenciesIn the United States the mortgages are also provided by GSEs, or the Government Sponsored Entities, like the Ginnie Mae, the Freddie Mac and the Fannie Mae. These entities are governed by the Federal Government of the United States.
Through these entities, the Federal Government of the United States tries to support the growth of the mortgage industry in America. The US Federal Government also aims to help more citizens own homes.