Current 15-year mortgage rates
As a lender, Zillow Home Loans is here to help you understand 15-year rates to determine whether a 15-year mortgage is the right loan option for you. Get pre-approved to see if you qualify for a 15-year mortgage and get a personalized rate.
What is a 15-year fixed-rate mortgage?
A 15-year fixed-rate mortgage is a home loan where your interest rate stays the same for the entire 15-year duration of the loan. This loan also typically has a lower interest rate than a conventional 30-year loan, but with higher monthly payments due to the shorter term.
Today’s 15-year mortgage rate
Here are some of the 15-Year Fixed mortgage rate options available from Zillow Home Loans. Our 15-Year Fixed rates are updated daily to reflect the most current offers.
As of October 10, 2025, current 15-Year Fixed mortgage rates are 5.500%.
Interest rates change frequently — explore all of our current rates and mortgage options to find your fit.
Interest rates change frequently — explore all of our current rates and mortgage options to find your fit.
Interest rates change frequently — explore all of our current rates and mortgage options to find your fit.
See more loan optionsInterest rates change frequently — explore all of our current rates and mortgage options to find your fit.
Top reasons a 15-year mortgage may be right for you:
Significant savings
You’ll pay substantially less in total interest over the life of the loan than you would on a conventional 30-year mortgage.
Build equity fast
By paying off the loan faster than you would on a conventional 30-year mortgage, you’ll build equity faster.
Quicker debt freedom
You’ll achieve full homeownership in just 15 years, freeing up your finances to save and invest.
Predictable payments
Because the interest rate is fixed, your monthly principal and interest payments will be stable throughout the course of the loan.
Why a 15-year fixed-rate mortgage may be right for you:
Significant savings
You’ll pay substantially less in total interest over the life of the loan than you would on a conventional 30-year mortgage.
Build equity fast
By paying off the loan faster than you would on a conventional 30-year mortgage, you’ll build equity faster.
Quicker debt freedom
You’ll achieve full homeownership in just 15 years, freeing up your finances to save and invest.
Predictable payments
Because the interest rate is fixed, your monthly principal and interest payments will be stable throughout the course of the loan.
Learn more about 15-year mortgages
Learn more about 15-year mortgages
Frequently asked questions
- How does a 15-year fixed-rate mortgage compare to a 30-year fixed-rate mortgage?
With a 15-year fixed mortgage, you can build equity and pay off your mortgage faster than with a 30-year fixed-rate loan. The interest rate is usually lower, costing you less over the life of the loan. If you’re considering a 15-year fixed over a 30-year fixed mortgage, keep in mind that the 15-year mortgage has a higher monthly payment.
Advantages Disadvantages Pay off home faster Higher monthly payments Pay less interest over time Qualify for a lower mortgage amount Build equity faster Might sacrifice monthly savings or retirement - What factors influence the interest rate I'll receive on a 15-year fixed-rate mortgage?
On a 15-year fixed mortgage, the following factors may influence the interest rate you receive:
- Your credit history
- The size of your down payment
- The value of the home you plan to buy
Remember, 15-year mortgage rates are also influenced by broader market trends like inflation and job growth.
Zillow Home Loans’ loan officers are happy to help talk you through these factors and how they influence the 15-year rate you may receive
- Can I pay off my 15-year mortgage even faster?
Yes. Zillow Home Loans does not charge prepayment penalties, so you can pay off a 15-year mortgage early and save on interest.
- Will my monthly mortgage payment always be the same with a 15-year fixed-rate mortgage?
Your principal and interest will remain the same over the span of your 15-year mortgage term, making it much easier to predict your monthly payments. Keep in mind, property taxes and insurance may be included in your mortgage payment and change annually or bi-annually.
- Should I refinance to a 15-year mortgage?
If you want to pay off your loan faster, save on interest, and can handle higher monthly payments, refinancing to 15 years can be beneficial. The best time to refinance will vary based on your circumstances and ability to cover closing costs when refinancing. The cost of a refinance can range from 2% to 6% of the loan’s principal amount, but will typically be included in your final refinance loan amount. To combat closing costs, check that you qualify for a low enough interest rate.
- Why should I consider Zillow Home Loans for my 15-year mortgage?
We offer a range of 15-year mortgage options to fit your situation, and down payments as low as 3%, or even 0% for 15-year VA loans, to help you buy a home sooner. With an A+ BBB rating and thousands of 5-star reviews, we are a trusted mortgage lender and would love to help you explore your options for a 15-year mortgage.
Unlock your personalized rate
The interest rate you’ll receive is unique to your financial situation. Our experts will work to give you our best custom rate and guide you every step of the way home.
