15-Year Fixed Mortgage Rate vs Producer Price Index (PPI) — Year-over-Year
15-Year Fixed Mortgage Rate is currently 5.9% (flat -0.0%). Producer Price Index (PPI) — Year-over-Year is currently 2.7% (down -0.5%).
| Metric | 15-Year Fixed Mortgage Rate | Producer Price Index (PPI) — Year-over-Year |
|---|---|---|
| Current value | 5.9% | 2.7% |
| Previous reading | 5.92% | 3.2% |
| Change | -0.0% | -0.5% |
| Trend | flat | down |
| Frequency | Weekly | Monthly |
| Source | Freddie Mac | Bureau of Labor Statistics |
| Last updated | 2026-04-03 | 2026-03-13 |
| Category | rates | inflation |
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 Producer Price Index (PPI) — Year-over-Year measures
The Producer Price Index measures the average change in selling prices received by domestic producers for their output. It is a leading indicator of consumer inflation — rising producer costs eventually get passed to consumers.
PPI declining to 2.7% from 3.2% signals easing upstream cost pressures. For executives, falling producer prices suggest input cost relief is coming — raw materials, components, and wholesale goods are becoming cheaper relative to recent months. This is bullish for profit margins if selling prices remain stable.
Frequently asked
15-Year Fixed Mortgage Rate is currently 5.9%, flat -0.0% from the previous reading. Source: Freddie Mac, updated weekly.
Producer Price Index (PPI) — Year-over-Year is currently 2.7%, down -0.5% from the previous reading. Source: Bureau of Labor Statistics, updated monthly.
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 PPI declining to 2.7% from 3.2% signals easing upstream cost pressures. For executives, falling producer prices suggest input cost relief is coming — raw materials, components, and wholesale goods are