15 Year Conventional Loan Rates

Check out the mortgage rates charts below to find 30-year and 15-year mortgage rates for each of the different mortgage loans U.S. Bank offers. If you decide to purchase mortgage discount points at closing, your interest rate may be lower than the rates shown here.

On Tuesday, Aug. 13, 2019, the average rate on a 30-year fixed-rate mortgage fell two basis points to 4%, the rate on the 15-year fixed went down one basis point to 3.5% and the rate on the 5/1.

This paragraph from Zacks, which provides research for investors, explains why: There is a strong correlation between mortgage interest rates and Treasury yields, according to a plot of 30-year.

Find information and rates for 15, 20 and 30-year fixed-rate mortgages from Bank of America. With a fixed-rate mortgage, your monthly payment stays the same for the entire loan term. find information and rates for 15, 20 and 30-year fixed-rate mortgages from Bank of America.

In other words, your mortgage rate may deviate from the national average for any number of reasons, but if your home loan is pretty run of the mill, you might expect pricing to be similar. As you can see, 30-year fixed mortgage rates are the most expensive relative to the 15-year fixed and select adjustable-rate mortgages.

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