Current 15-year mortgage rates

By Jeff Ostrowski, Reviewed by Greg McBride, CFA

On , the national average 15-year fixed mortgage APR is 2.650%. The average 15-year refinance APR is 2.610%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.

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Today's national 15-year mortgage rate trends

For today, Tuesday, June 15, 2021, the national average 15-year fixed mortgage APR is 2.650%, up compared to last week’s of 2.620%. The national average 15-year fixed refinance APR is 2.610%, up compared to last week’s of 2.590%.

Whether you're buying or refinancing, Bankrate often has offers well below the national average to help you finance your home for less. Compare rates here, then click "Next" to get started in finding your personalized quotes.

We’ve determined the national averages for mortgage and refinance rates from our most recent survey of the nation’s largest refinance lenders. Our own mortgage and refinance rates are calculated at the close of the business day, and include annual percentage rates and/or annual percentage yields. The rate averages tend to be volatile, and are intended to help consumers identify day-to-day movement.

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Customers: Advertisers may have different loan terms on their own website from those advertised through To receive the rate, you must identify yourself to the Advertiser as a customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

Consumer Satisfaction: If you have used and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

Today's 15-year mortgage rates

The table below brings together a comprehensive national survey of mortgage lenders to help you know what are the most competitive 15-year mortgage rates. This interest rate table is updated daily to give you the most current rates when choosing a 15-year fixed mortgage loan.

Product Interest Rate APR
30-Year Fixed Rate 3.070% 3.290%
20-Year Fixed Rate 2.900% 3.080%
15-Year Fixed Rate 2.350% 2.650%
10/1 ARM Rate 3.340% 4.040%
7/1 ARM Rate 3.180% 3.740%
5/1 ARM Rate 3.200% 3.840%
30-Year VA Rate 2.700% 2.890%
30-Year FHA Rate 2.780% 3.670%
30-Year Fixed Jumbo Rate 3.080% 3.200%
15-Year Fixed Jumbo Rate 2.340% 2.430%
7/1 ARM Jumbo Rate 3.310% 3.650%
5/1 ARM Jumbo Rate 3.270% 3.670%

at 6:30 AM

The table above brings together a comprehensive national survey of mortgage lenders to help you know what the most competitive 15-year mortgage interest rates are. This interest rate table is updated daily to give you the most current rates when choosing a 15-year mortgage home loan.

Lower rates on 15-year mortgages have attracted many more homeowners into shorter-term loans since the start of the pandemic. The total interest paid on a 15-year mortgage is about half that of a 30-year loan.

  • Top 5 Bankrate 15-year mortgage lenders

  • What is a 15-year fixed mortgage?

  • Who is a 15-year mortgage best for?

  • What you need to qualify for a 15-year mortgage

  • Pros and cons of a 15-year mortgage

  • Comparing 15-year fixed and 30-year fixed mortgages

  • Tax deductions and 15-year fixed mortgage rates

  • Differences between a fixed-rate and adjustable-rate mortgage

  • Refinancing into a 15-year mortgage

    If you have a 30-year mortgage and are more than halfway through your loan term, refinancing into a 15-year loan with a lower rate can save you thousands in interest. In general, 15-year mortgages have higher monthly payments due to the shorter term — but, depending on how much lower you can cut your rate and the balance of your current loan, your monthly payment might not increase as much as you think it will, or at all.

    Whichever type of refinance you pursue, be sure to shop around for rates and compare offers, including lender fees.

    Written by: Jeff Ostrowski, senior mortgage reporter for Bankrate

    Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.

    Read more from Jeff Ostrowski

    Reviewed by: Greg McBride, chief financial analyst for Bankrate

    Greg McBride, CFA, is Senior Vice President, Chief Financial Analyst, for He leads a team responsible for researching financial products, providing analysis, and advice on personal finance to a vast consumer audience.

    Read more from Greg McBride

    Learn more about specific loan type rates
    Loan Type Purchase Rates Refinance Rates
    The table above links out to loan-specific content to help you learn more about rates by loan type.
    30-Year Loan 30-Year Mortgage Rates 30-Year Refinance Rates
    20-Year Loan 20-Year Mortgage Rates 20-Year Refinance Rates
    15-Year Loan 15-Year Mortgage Rates 15-Year Refinance Rates
    10-Year Loan 10-Year Mortgage Rates 10-Year Refinance Rates
    FHA Loan FHA Mortgage Rates FHA Refinance Rates
    30-Year FHA Loan 30-Year FHA Loan Rates 30-Year FHA Refinance Rates
    VA Loan VA Mortgage Rates VA Refinance Rates
    ARM Loan ARM Mortgage Rates ARM Refinance Rates
    5/1 ARM 5/1 ARM Rates 5/1 Refinance Rates
    7/1 ARM 7/1 ARM Rates 7/1 Refinance Rates
    10/1 ARM 10/1 ARM Rates 10/1 Refinance Rates
    Jumbo Loan Jumbo Mortgage Rates Jumbo Refinance Rates
    30-Year Jumbo Loan 30-Year Jumbo Loan Rates 30-Year Jumbo Refinance Rates