In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.

Tuesday, to their lowest average in almost six weeks. Rate movement was mixed for other new purchase loan types.

Disclaimer: Calculator ... when a mortgage is amortized—stated another way, it’s the length of time you have to pay off your mortgage. The most common mortgage terms are 15 and 30 years ...

A 30-year mortgage may consist of six different ... As you pay down the principal, you gain equity in your home. » TRY OUR AMORTIZATION CALCULATOR: See how much you’ll pay over the life of ...

Mortgage rates are likely to remain elevated through at least the first half of the year, keeping sales of previously owned homes subdued.