Products

MintRates.com Marketplace: Personal, Business, and Home Loans Comparison
MintRates.com Marketplace: Personal, Business, and Home Loans Comparison

Select the product

Personal Loans
Debt Consolidation Loans
Credit Card Consolidation Loans
Home Improvement Loans
Personal Loans
Auto Loans
Motorcycle Loans
Boat Loans
RV Loans
Travel Loans
Wedding Loans
Medical Loans
Business Loans
Business Term Loan
SBA Loans
Business Lines of Credit
Equipment Financing
Working Capital
Invoice Financing
Home Purchase
10-Year Fixed-Rate Mortgage
15-Year Fixed-Rate Mortgage
20-Year Fixed-Rate Mortgage
30-Year Fixed-Rate Mortgage
Adjustable-Rate Mortgage
Jumbo Loan
HomeReady® Loan
Home Possible® Loan
Investment Property Loan
FHA Loan
VA Loan
USDA Loan
Condo Loan
Home Refinance
Rate and Term Refinance
Cash-Out Refinance
Jumbo Loan Refinance
Fixed-Rate Refinance
No-Closing-Cost Refinance
FHA Streamline Refinance
FHA Cash-Out Refinance
VA Streamline Refinance
VA Cash-Out Refinance
ARM Refinance
Second Mortgage Refinance
Investment Property Refinance

The Average 15-Year Fixed Mortgage Rates in the US Today: Sat, Apr 27, 2024

The Current Average 15-Year Fixed Mortgage Rates in the US - Updated: Sat, Apr 27, 2024

Rate type Average Rate 1W Change 1M Change 1Y Change
15-Year Fixed-Rate6.44%0.05%0.38%0.50%Calculate paymentPersonalize rate

According to data from Freddie Mac's Primary Mortgage Market Survey and Optimal Blue Mortgage Market Indices, As of the latest data, mortgage rates continue to exhibit upward trends across various loan programs. Here's a snapshot of the recent changes:

  • 15-Year Fixed-Rate: The average rate for 15-Year Fixed-Rate is now at 6.44%. Over the past week, we've seen a slight increase of 0.05%, while the rates have risen by 0.38% over the past month. Looking back a year, the rate has risen by 0.50%.
Find the Best 15-Year Fixed Rate
Compare personalized mortgage rate quotes from multiple lenders without affecting credit score.
Find my best rate
Powered by SecureRights
Commonly asked questions about 15-Year Fixed Mortgage

A 15-Year Fixed-Rate mortgage is a home loan with a fixed interest rate and consistent monthly payments for 15 years.

Eligibility requirements may vary among lenders, but generally, individuals, couples, and families looking to purchase or refinance a primary residence may qualify.

This option allows you to pay off your mortgage faster and accumulate less interest over the life of the loan compared to longer terms.

Credit score requirements vary, but a higher score can improve your chances of a favorable interest rate.

Yes, making extra payments can help you pay off the loan earlier and reduce overall interest costs.

Yes, if you want to reduce your loan term and pay off your mortgage faster, this can be a good option.

You'll need to pay off the remaining mortgage balance upon sale, just like with any mortgage.

Yes, options like FHA, VA, and USDA loans also offer 15-Year Fixed-Rate programs.

Monthly payments may be higher compared to longer terms, which could impact your budget.

Typically, 15-Year Fixed-Rate mortgages are designed for primary residences, but check with your lender for specific guidelines.

Yes, refinancing into a 15-Year Fixed-Rate mortgage can be an option to pay off your loan sooner.

Collect loan estimates and consider interest rates, fees, and overall terms to make an informed decision.

Loan limits depend on various factors, including the location of the property and the type of loan program you're considering.

It can be an option for first-time buyers seeking to build equity faster, but it's essential to ensure it fits your financial situation.

You may be able to refinance into a longer term in the future if it aligns with your financial goals and circumstances.