Historical U.S. average 15-year fixed mortgage rate (APR-style average). Values are illustrative monthly points aligned with common PMMS / FRED trends—not a live lender quote. Always confirm the rate with your loan officer.
Latest
5.45%
YoY change
-5.2%
Range (10Y)
2.24% – 6.48%
vs 10Y history
High
Low = cheaper average rates; High = more expensive.
Window:
15-year fixed rate
Percent per year (average)
Source shape: Freddie Mac PMMS / Federal Reserve Economic Data (FRED) MORTGAGE15US—recreated for education, not redistributed data. For official series and updates, see FRED and Freddie Mac PMMS.
Pick a time window, read the latest value and YoY change, and compare the range to see volatility.
Formula
Average rate is quoted as annual percent; chart shows level over time (not a payment formula).
Reading mortgage rate charts
This page shows how the average 15-year fixed rate has moved—not a personalized loan offer.
What you are looking at
The line is a smoothed monthly series shaped like published PMMS / FRED data: a market average, not the rate you will lock at closing. Your credit profile, points, occupancy, and lender pricing all move the number you actually get.
Stats on the card
Latest: last point in the illustrative series (see footnote for official sources).
YoY change: percent change versus about one year earlier on the same series.
Range: minimum and maximum rate inside the selected window (1Y, 5Y, 10Y, or Max).
vs 10Y history: Low / Mid / High compares the latest rate to the spread of the last ten years—Low means rates are nearer the cheaper end of that band.
FAQ
Is this my mortgage rate?
No. It is a national average trend for education. Your lender sets your rate from your application, credit, loan details, and market conditions at lock.
Where does the data come from?
The curve follows the general pattern of Freddie Mac PMMS and FRED MORTGAGE15US. This site hosts an approximate series; use FRED or Freddie Mac for official releases.
Why 15-year fixed?
Fifteen-year loans often carry lower rates than 30-year loans and build equity faster, with higher monthly payments. The chart helps you see the rate environment for that product.
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