Current 15 Year Mortgage Interest Rate

 · A table of today’s mortgage interest rates, plus tips on how to get the best rate and a breakdown of the seven things lenders evaluate when determining rates.

Use annual percentage rate APR, which includes fees and costs, to compare rates across lenders.Rates and APR below may include up to .50 in discount points as an upfront cost to borrowers. Select product to see detail. Use our Compare Home Mortgage Loans Calculator for rates customized to your specific home financing need.

A 15-year fixed mortgage is a loan with a term of 15 years that has an interest rate that is fixed for the life of the loan. For example, a 15-year mortgage of $300,000 with a 20% down payment and an interest rate of 4% would have a monthly payment of about $1,775 (not including taxes and insurance).

Edging close to 2019 lows, mortgage rates continued on a downward trend this week. According to Freddie Mac, the average offered rate for a conforming 30-year fixed-rate mortgage declined by another four basis points (0.04%), leaving the benchmark mortgage at 4.10%.

Compare today?s mortgage and refinance rates from Citi.com. View current mortgage rates on 30 year and 15 year fixed mortgages. Get a customized rate and.

30-year mortgages have lower payments, but a 15-year mortgage helps. with adjustable-rate mortgages when your interest rate is subject to.

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The average 30-year fixed mortgage rate is 4.29%, down 1 basis point from 4.30% a week ago. 15-year fixed mortgage rates fell 1 basis point to 3.67% from a week ago.

The 15-year is the next most popular fixed-rate loan, with a 13.4% share of the market. Loans of other durations far less common. FRMs are a one-way bet for consumers. If interest rates rise the home buyer is protected from spiking rates. If interest rates fall homeowners can refinance into a lower rate loan. Fixed vs ARM

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Lower interest rates: While both loan types have similar interest rate profiles, the 15-year loan typically offers a lower rate to the 30-year loan. The spreads change over time, but the 15-year is typically about a half a percent lower than the 30-year. The 10-year is typically priced at about 1/10th to 1/5th of a percent lower than the 15-year..

US 15 Year Mortgage Rate is at 3.57%, compared to 3.60% last week and 4.03% last year. This is lower than the long term average of 5.45%.