15-Year Fixed Mortgage Rate vs Nominal GDP (Current Dollars)
15-Year Fixed Mortgage Rate is currently 5.9% (flat -0.0%). Nominal GDP (Current Dollars) is currently 29.72T (up +0.4T).
| Metric | 15-Year Fixed Mortgage Rate | Nominal GDP (Current Dollars) |
|---|---|---|
| Current value | 5.9% | 29.72T |
| Previous reading | 5.92% | 29.35T |
| Change | -0.0% | +0.4T |
| Trend | flat | up |
| Frequency | Weekly | Quarterly |
| Source | Freddie Mac | Bureau of Economic Analysis |
| Last updated | 2026-04-03 | 2026-03-27 |
| Category | rates | growth |
What 15-Year Fixed Mortgage Rate measures
The 15-year fixed mortgage rate is the average interest rate on a conventional 15-year home loan. It offers a lower rate than the 30-year fixed but with higher monthly payments due to the shorter repayment term. Sourced from Freddie Mac's weekly Primary Mortgage Market Survey.
At 5.89%, the 15-year fixed rate carries a roughly 0.75 percentage point discount to the 30-year rate. Borrowers choosing the 15-year term pay significantly less in total interest over the life of the loan — typically saving over $100,000 on a $400,000 mortgage. For financial advisors and wealth managers, the spread between 15-year and 30-year rates signals how the market prices term risk. A narrowing spread suggests lenders expect rates to decline.
What Nominal GDP (Current Dollars) measures
Nominal GDP measures the total dollar value of all goods and services produced in the United States at current market prices, without adjusting for inflation. It represents the raw size of the economy.
Nominal GDP shows the absolute size of the U.S. economy in current dollars. At nearly $30 trillion, the U.S. remains the world's largest economy. Executives use nominal GDP to size markets, estimate total addressable revenue, and benchmark company performance against the broader economy. Revenue growing faster than nominal GDP means you're gaining market share.
Frequently asked
15-Year Fixed Mortgage Rate is currently 5.9%, flat -0.0% from the previous reading. Source: Freddie Mac, updated weekly.
Nominal GDP (Current Dollars) is currently 29.72T, up +0.4T from the previous reading. Source: Bureau of Economic Analysis, updated quarterly.
At 5.89%, the 15-year fixed rate carries a roughly 0.75 percentage point discount to the 30-year rate. Borrowers choosing the 15-year term pay significantly less in total interest over the life of the Nominal GDP shows the absolute size of the U.S. economy in current dollars. At nearly $30 trillion, the U.S. remains the world's largest economy. Executives use nominal GDP to size markets, estimate t