15-Year Fixed Mortgage Rates — All 50 States

15-Year Fixed Mortgage Rates Today (May 2026) | State Loan Rates

15-Year Fixed Mortgage Rates — All 50 States (May 2026)

Last updated: May 21, 2026 · Rates updated daily

The national average 15-year fixed mortgage rate is currently 5.90% APR — about 0.68% lower than the 30-year fixed. The 15-year is ideal for buyers who want to build equity faster, pay less total interest, and own their home outright in half the time.

National avg
5.90%
15-yr fixed APR
vs 30-yr
0.68% lower
Rate advantage
Lowest state
5.78%
Florida
Highest state
6.18%
Hawaii
Interest saved
$180K+
vs 30-yr on $400K
15-year key insight: On a $400,000 loan, the 15-year costs ~$850/month more than the 30-year — but saves over $180,000 in total interest. If you can comfortably afford the higher payment, the 15-year is one of the best financial decisions available.

15-Year Fixed Rates — All 50 States

Click any state to see detailed rate comparisons and local market information.

Alabama5.77% APR › Alaska5.92% APR › Arizona5.85% APR › Arkansas5.75% APR › California5.97% APR › Colorado5.92% APR › Connecticut5.99% APR › Delaware5.89% APR › Florida5.77% APR › Georgia5.82% APR › Hawaii6.17% APR › Idaho5.87% APR › Illinois5.87% APR › Indiana5.78% APR › Iowa5.77% APR › Kansas5.78% APR › Kentucky5.76% APR › Louisiana5.84% APR › Maine5.92% APR › Maryland5.97% APR › Massachusetts6.02% APR › Michigan5.82% APR › Minnesota5.84% APR › Mississippi5.76% APR › Missouri5.80% APR › Montana5.89% APR › Nebraska5.78% APR › Nevada5.84% APR › New Hampshire5.94% APR › New Jersey6.00% APR › New Mexico5.82% APR › New York6.04% APR › North Carolina5.80% APR › North Dakota5.78% APR › Ohio5.80% APR › Oklahoma5.79% APR › Oregon5.95% APR › Pennsylvania5.87% APR › Rhode Island5.97% APR › South Carolina5.78% APR › South Dakota5.79% APR › Tennessee5.79% APR › Texas5.90% APR › Utah5.90% APR › Vermont5.95% APR › Virginia5.90% APR › Washington5.94% APR › West Virginia5.77% APR › Wisconsin5.82% APR › Wyoming5.87% APR ›

Understanding 15-Year Fixed Rates

The 15-year fixed mortgage offers a lower interest rate because lenders take on less risk over a shorter timeframe. Borrowers build equity twice as fast as on a 30-year and pay dramatically less total interest.

The trade-off is a higher monthly payment — typically 30–40% higher than the equivalent 30-year. This is why the 15-year is most popular among buyers further along in their careers or those refinancing to accelerate payoff.

15-year vs 30-year: total cost comparison

On a $400,000 loan, the 15-year saves $180,000–$200,000 in total interest. In early months, nearly 50% of each payment goes to principal vs just 30% on a 30-year — dramatically faster equity building.

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Frequently Asked Questions

What is today’s 15-year fixed rate?
As of May 2026, the national average 15-year fixed rate is approximately 5.90% APR — about 0.68% lower than the 30-year fixed average.
How much higher is the 15-year payment?
On a $400,000 loan: 15-year at 5.90% = ~$3,356/mo vs 30-year at 6.58% = ~$2,528/mo — about $828/month more. You save ~$180,000 in interest.
Who should get a 15-year mortgage?
Buyers who can comfortably afford the higher payment, want to build equity quickly, are close to retirement, or are refinancing to accelerate payoff.
Can I refinance from 30-year to 15-year?
Yes — this is one of the most common refinance goals. Use our Refinance Break-Even Calculator to determine if the closing costs are worth it.
Disclaimer: Rates shown are for informational purposes only. State Loan Rates is not a lender or broker. Always verify rates with lenders. Full disclaimer