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15 Year Fixed Rate Mortgage

With a 15 year fixed rate mortgage, your interest rate does not change, your payment does not change, and you pay the loan off in 15 years. This is the most popular mortgage when looking for faster mortgage pay-off.

15 Year Mortgage Advantages

  • Lower interest rate than with a 30 year fixed rate mortgage.
  • Allows to build up equity faster and to reduce interest paid over the life of the loan.
  • Interest rate does not go up even if rates go up.
  • Payments stay the same for 15 years.

15 Year Mortgage Disadvantages

  • Higher monthly payment than with other popular mortgage types.

Your first should be to run the numbers on our web site to get current rates and closing costs for 15 year fixed-rate mortgages. Then, use our network of 15 year fixed loan lenders and expert mortgage specialists to find the best loan for your property.

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US Mtg Rates: 28-May-2017
30 Yr Fixed Rate
3.95%
15 Yr Fixed Rate
3.19%
ARM Mortgage Indexes
5/1 ARM
3.43%
3/1 ARM
3.0%
CODI
-1.0%
COSI
-1.0%
12 MTA
0.724%
COFI 11th District
0.583%
COFI Federal
1.269%
12 Month LIBOR ($)
1.723%
1 Year CMT
1.16%
Market Indexes & Indicators
WSJ Prime Rate 4.0%
FNMA 15y Fxd Yld-30d -1.0%
FNMA 30y Fxd Yld-30d -1.0%
Federal Funds 1.0%
30 Year Treasury 2.916%
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