15 Year Fixed Mortgage Rates
The 15 year fixed mortgage rate basically means that the rate will stay the same for the life of the loan. This loan will be fully paid off after 15 years. A portion of this loan goes towards the principle, and the remainder is the interest. This mortgage rate is usually a bit lower than the 30 year fixed mortgage rate loan, but your monthly payments will be higher than the 30 year fixed.
Current 15 year fixed mortgage rates by state
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