Best 15-Year Mortgage Rates | October 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.
Longer-term mortgages are popular because the longer amortization period typically results in a more affordable monthly payment. While shorter loans typically have higher monthly payments, the total interest cost can be dramatically lower. 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. We recommend you check rates with multiple mortgage companies to see which one offers the best terms.