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Today s 15 year mortgage rates.
Interest rates 15 year fixed. Rates are quoted as annual percentage rate apr. This is lower than the long term average of 5 34. Instantly compare rates from many different lenders anonymously for 15 year fixed mortgages. On monday october 05 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 15 year fixed mortgage rate is 2 560.
There are many benefits of selecting a 15 year loan. 5 2020 the average rate on a 30 year fixed rate mortgage fell four basis points to 2 919 the average rate on a 15 year fixed rate mortgage dropped one basis point to 2 525 and. Benefits of a 15 year. 15 year fixed mortgage rates.
Some of the main benefits are. Low interest rate as mentioned earlier a 15 year normally comes with an interest rate of 50 to 75 lower than a 30 year rate. On october 2nd 2020 the average rate on the 15 year fixed rate mortgage is 2 533. What are today s 15 year mortgage rates.
Coupled with the fact that the loan is paid off much quicker a 15 year will save a borrower thousands of dollars each year in interest payments. 15 year mortgage rate is at 2 40 compared to 2 35 last week and 3 21 last year. Current 15 year refinance rates. Sort and filter until you find the best loan.
Nationally 15 year fixed mortgage rates are 2 63. On monday october 05 2020 according to bankrate s latest survey of the nation s largest refinance lenders the benchmark 15 year fixed refinance rate is 2. 5 year fixed rate historic tables html excel weekly pmms survey opinions estimates forecasts and other views contained in this document are those of freddie mac s economic housing research group do not necessarily represent the views of freddie mac or its management and should not be construed as indicating freddie mac s business.
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