Updated May 2026 · Freddie Mac
Rates Indicator
15-Year Fixed Mortgage Rate
15-Year Fixed Mortgage Rate is a interest rate and yield indicator central to monetary policy and corporate borrowing sourced from Freddie Mac, updated weekly. Next release: 2026-04-10.
Historical Trend
| Date | Value |
|---|---|
| 2026-04-03 | 5.9% |
| 2026-03-27 | 5.9% |
| 2026-03-06 | 5.9% |
| 2026-02-06 | 6.0% |
| 2026-01-30 | 6.1% |
| 2026-01-02 | 6.1% |
| 2025-12-05 | 6.0% |
| 2025-11-06 | 6.0% |
| 2025-10-02 | 5.3% |
Reading the Current Print
At 5.9%, the current reading sits in the lower portion of the recent historical range for this series. That is depressed relative to recent norms; the question for an operator is whether the soft reading reflects a near-term cyclical low or the start of a more persistent shift.
15-Yr Mortgage held essentially flat at 5.9% since the prior weekly release. Steady readings are diagnostically useful as a baseline against which the next release can be judged — and as evidence the underlying drivers are not yet shifting.
Weekly publication makes this one of the more timely cyclical signals available. Smooth the data with a four-week moving average to filter out single-week noise; major reversals usually show up as several consecutive weekly prints in the new direction.
What This Means for Business
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.
For deeper context on how 15-Yr Mortgage fits into the broader macro picture, see the learn library; for live cross-checks against related series, browse the full indicators dashboard; for tools that translate the reading into business outputs (DCF discount rates, runway projections), see the calculators page. Authoritative external context is available at the Federal Reserve’s FRED database, the U.S. Bureau of Labor Statistics, and the SEC EDGAR system for company-level filings.
About 15-Yr Mortgage
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.
Methodology
Freddie Mac surveys lenders weekly to compile the Primary Mortgage Market Survey. The 15-year rate reflects the average offered rate for a conforming 15-year fixed loan with 20% down payment to a borrower with strong credit. Actual rates vary based on creditworthiness, down payment, and loan size.
The series is published by Freddie Mac under series identifier MORTGAGE15US. ExecBolt does not estimate, model, or interpolate this value — every reading on this page is pulled directly from the publishing agency’s primary release. For full sourcing and citation guidance, see the methodology page.
Related Indicators
Frequently Asked Questions
What is 15-Year Fixed Mortgage Rate right now?
15-Year Fixed Mortgage Rate is currently 5.9%, flat -0.0% from the previous weekly reading. Source: Freddie Mac, series MORTGAGE15US, last updated 2026-04-03.
How is 15-Yr Mortgage calculated?
Freddie Mac surveys lenders weekly to compile the Primary Mortgage Market Survey. The 15-year rate reflects the average offered rate for a conforming 15-year fixed loan with 20% down payment to a borrower with strong credit. Actual rates vary based on creditworthiness, down payment, and loan size.
Where can I verify this number?
15-Year Fixed Mortgage Rate is published by Freddie Mac. The primary release is available at https://www.freddiemac.com/pmms; the Federal Reserve's FRED database hosts the historical series and provides API access for programmatic verification.
Should I choose a 15-year or 30-year mortgage?
The 15-year mortgage offers a lower interest rate (typically 0.5-0.75% less) and saves substantially on total interest — often over $100,000 on a $400,000 loan. However, the monthly payment is roughly 40-50% higher because you repay the principal in half the time. Choose the 15-year if your budget comfortably handles the higher payment and you want to build equity faster. Choose the 30-year if you need lower monthly payments or want to invest the payment difference elsewhere.
How much do you save with a 15-year vs 30-year mortgage?
On a $400,000 loan at current rates (5.89% for 15-year vs 6.64% for 30-year), the 15-year mortgage costs approximately $3,373/month vs $2,559/month for the 30-year. Total interest paid: approximately $207,000 for the 15-year vs $521,000 for the 30-year — a savings of over $314,000 in interest, plus you own the home free and clear 15 years sooner.