Updated Weekly

15-Year Fixed Rates

Build equity faster with higher monthly payments but significantly less interest over the loan life.

Sunday, May 17, 2026

Current Average Rate

6.13%

-0.08% vs last week

10-Week Low

5.76%

10-Week High

6.22%

Rate History

Jan 1Feb 5Mar 4

Compare Lender Rates

Lender	Rate	APR	Points	Est. Payment*	Fees
National Bank	6.00%	6.14%	0.5	$2,531/mo	$2,500
Credit Union Plus	5.88%	6.05%	1	$2,506/mo	$3,200
Mortgage Direct	6.13%	6.20%	None	$2,556/mo	$1,800
Home Finance CoBest	5.75%	5.96%	1.5	$2,481/mo	$4,000
First Liberty	6.25%	6.30%	None	$2,581/mo	$1,500

*Based on $300,000 loan amount. Rates are samples for illustration purposes. Actual rates vary.

15-Year Fixed Tips

Typically 0.5-0.75% lower rate than 30-year fixed mortgages

You'll build equity much faster and pay far less total interest

Monthly payments are higher — make sure they fit your budget comfortably

Ideal for buyers who can afford higher payments and want to be debt-free sooner

Great for refinancing if you've already paid down your 30-year mortgage

The interest savings over the life of the loan can exceed $100,000+

About 15-Year Fixed Rates

Build equity faster with higher monthly payments but significantly less interest over the loan life. The current average rate is 6.13%, which has decreased compared to last week.

Over the past 10 weeks, rates have ranged from a low of 5.76% to a high of 6.22%, a spread of 0.46 percentage points.

Rates Are Samples

Rates shown are for informational purposes. Your actual rate depends on credit score, down payment, loan amount, property type, and lender. Always compare multiple offers.