What Are 15 Year Mortgage Rates Today

The 5 1 adjustable rate mortgage arm rate is 3 010 with an apr of 4 060.

What are 15 year mortgage rates today.

15 year fixed mortgage rates. 15 year fixed mortgage rates. The lowest average annual mortgage rate on 15 year fixed mortgages since 1991 was 2 66. This occurred in both late 2012 and in april 2013.

What is today s 15 year fixed mortgage rate. 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. The 15 year mortgage rate is the fixed interest rate that us home buyers would pay if they were to take out a loan lasting 15 years. Comparing rates from three 4 or more loan providers helps ensure you re getting competitive offers on a new home loan or a.

On december 31 2020 the average rate on the 15 year fixed rate mortgage is 2 697. Additionally the current national average 15 year fixed mortgage rate increased 2 basis points from 2 80 to 2 82. The current national average 5 1 arm rate is up 2 basis points from 3 14 to 3 16. 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.

Ideally you want a price that s at least equivalent to or even better below the existing average price for the loan product you re interested in. 15 year 30 year to obtain the best home loan rate shop around with multiple lending institutions. This rate was 2 64 yesterday and 2 67 last week. Check out our mortgage calculator for rates.

Today s 15 year mortgage rates on wednesday december 16 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 15 year fixed mortgage rate is 2 410. Current 15 year refinance rates on monday december 21 2020 according to bankrate s latest survey of the nation s largest refinance lenders the benchmark 15 year fixed refinance rate is 2 400. As of 2019 the average 15 year fixed mortgage rate is 3 47. Rates are quoted as annual percentage rate apr.