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A 15-Year Mortgage Can Save You Over $200,000

A 15-Year Mortgage Can Save You Over $200,000

With interest rates significantly higher in 2022 (rising from 3.4% in September, 2021 to 6.7% in September, 2022), home buyers are paying considerably more for a mortgage these days. While it's not easy to handle the higher payments associated with 15-year mortgages, it's worth it once you pay the loan off. LendingTree recently analyzed 381,000 mortgage loans from July to August this year.