30 Year Fixed Rate Mortgage

With a 30 year fixed rate mortgage, your interest rate does not change, your payment does not change, and you pay the loan off in 30 years. This is the most popular mortgage when interest rates are low.

30 Year Mortgage Advantages

  • Monthly payments are lower than with a 15 year fixed rate mortgage.
  • Interest rate does not go up even if rates go up.
  • Payments stay the same for 30 years.

30 Year Mortgage Disadvantages

  • Higher interest rate than a 15 year fixed rate mortgage.
  • Interest rate stays the same if interest rates go down.
  • Higher mortgage payment comparing with ARM loans originated at same time.

Your first step should be to run the numbers on our web site to get an idea about current rates and closing costs for 30 year fixed-rate and other popular mortgage products. Then, use our network of top lenders and expert mortgage specialists to find the best loan for your property.

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US Mtg Rates: 12-Jul-2024
30 Yr Fixed Rate
15 Yr Fixed Rate
ARM Mortgage Indexes
5/1 ARM
3/1 ARM
12 MTA
COFI 11th District
COFI Federal
12 Month LIBOR ($)
1 Year CMT
Market Indexes & Indicators
WSJ Prime Rate -1.0%
FNMA 15y Fxd Yld-30d -1.0%
FNMA 30y Fxd Yld-30d -1.0%
Federal Funds -1.0%
30 Year Treasury -1.0%
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