SuperMoney

Best 15-Year Mortgage Rates | July 2021

Most people can't pay cash for a home, which is why they turn to a mortgage. Mortgages let you borrow money to buy real estate and give you plenty of time to repay the debt.

Mortgages with a 15-year term can save you money because you pay less in interest than with a 30-year mortgage.

Longer-term mortgage are popular because it gives them a lot of time to repay their loan, meaning they have a low monthly payment. However, shorter loans typically have higher monthly payments but lower interest rates. That means you'll save money in the long-run with a 15-year mortgage.

Find and compare 15-year mortgage rates from lenders in your area.