15yr Fixed Mortgage
A 15-year fixed mortgage has an interest rate that stays the same for the 15-year life of the loan. Someone taking out a $165,000.00 15-year fixed mortgage at the current average would pay $1,274.08 a month for the life of the loan. Nationally, the highest rate on a 15-year fixed mortgage was 6.25 percent. The lowest rate was 4.25 percent. Six months ago, the average rate was 5.02 percent.