Checking today's mortgage rates
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U.S. mortgage rates
Down 3 basis points from Jul 15, 2026.
This number tracks locked 15-year fixed mortgages across the United States. A 15-year loan repays principal faster than a 30-year loan, so its rate and monthly-payment structure are different.
It is a national locked-rate average, not a guaranteed rate for any borrower.
Source
Optimal Blue / FRED
Measure
Locked-loan average
Data through
Jul 16, 2026
Latest 90 published observations for 15-Year Fixed.
A crawlable record of the latest values, with each row compared with the prior valid observation.
High across 8 observations
5.929% · Jul 9, 2026
Low across 8 observations
5.773% · Jul 10, 2026
Net change since Jul 7, 2026
Unchanged
| Observation date | Rate | Change from prior observation |
|---|---|---|
| Jul 16, 2026 | 5.894% | −3 bps |
| Jul 15, 2026 | 5.927% | +8 bps |
| Jul 14, 2026 | 5.845% | +5 bps |
| Jul 13, 2026 | 5.798% | +3 bps |
| Jul 10, 2026 | 5.773% | −16 bps |
| Jul 9, 2026 | 5.929% | +6 bps |
| Jul 8, 2026 | 5.870% | −2 bps |
| Jul 7, 2026 | 5.893% | — |
Weekends, holidays, and missing observations are skipped. A basis point is 0.01 percentage point.
The loan is generally repaid over 15 years while the interest rate stays fixed. Because principal is repaid faster, the monthly payment is usually higher than on a 30-year loan of the same size.
A shorter term reduces long-range interest-rate risk for the lender. The 15-year rate is therefore often below the 30-year rate, though the spread changes with the market.
The page reads Optimal Blue locked-loan data, usually published on the next business day, and always shows the observation date.
Clear limits on what this number can tell you.
Not necessarily. Repaying the same principal in half the time usually produces a higher monthly payment even when the interest rate is lower.
No. It is an average of locked transactions published as a market index.