three‑year fixed mortgage

Fixed mortgage rates are rising – is it time to consider a three-year term? — Photo by Daniel Wells on Pexels

Choose Three-Year Fixed Over Short-Term: Mortgage Rates Hidden Cost

Yes, locking in a three-year fixed rate can protect you from rising interest costs and save thousands over the life of the loan. In May 2026, the average 30-year fixed mortgage rate reached 6.51%, a sign that rates are no longer flatlining. Financial Disclaimer: This article is for educational