MORTGAGE15US15-Year Fixed Mortgage Rate (MORTGAGE15US) — Current Value & Historical Data
FRED series title: 15-Year Fixed Rate Mortgage Average in the United States
15-Year Fixed Mortgage Rate (MORTGAGE15US) Chart & Data Table
Showing 522 of 1,832 observations. Pick "All" to see the full history (1991-08-30–2026-10-01).
Gray bands: NBER recessions·Dashed lines: key policy events
What is 15-Year Fixed Mortgage Rate (MORTGAGE15US)?
The 15-year fixed mortgage rate is the average interest rate on a newly originated 15-year conventional conforming mortgage in the United States, published weekly by Freddie Mac as part of the Primary Mortgage Market Survey (PMMS). It is the second most common fixed-rate home-loan term after the 30-year and is popular for refinancing because the shorter term builds equity faster and costs less in total interest. The rate is not set by the Fed. Like the 30-year rate it follows the 10-year Treasury yield plus a spread for prepayment risk and mortgage-backed securities demand, but it typically sits below the 30-year rate because lenders carry the loan for a shorter time. Monthly payments are higher at the same balance because principal is repaid over 180 payments instead of 360. The series is a companion to the 30-year series, MORTGAGE30US, and moves with it.
Current 15-Year Fixed Mortgage Rate (MORTGAGE15US) Value
As of October 1, 2026, the current 15-year fixed rate mortgage average in the united states is 6.60 Percent. This is the most recent observation available for this series, updated weekly, ending thursday.
15-Year Fixed Mortgage Rate Historical Trend
15-Year Fixed Rate Mortgage Average in the United States rose 2.80% year-over-year. In the series' tracked history, the highest recorded value was 8.89 (December 1994), and the lowest was 2.10 (July 2021).
Methodology & Source
Source
Freddie Mac
Frequency
Weekly, Ending Thursday
Units
Percent
Notes
On November 17, 2022, Freddie Mac changed the methodology of the Primary Mortgage Market Survey® (PMMS®). The weekly mortgage rate is now based on applications submitted to Freddie Mac from lenders across the country. For more information regarding Freddie Mac’s enhancement, see their research note ...
Frequently Asked Questions About 15-Year Fixed Mortgage Rate (MORTGAGE15US)
What is the current 15-year fixed rate mortgage average in the united states?
As of October 1, 2026, 15-year fixed rate mortgage average in the united states stands at 6.60 Percent.
Where does 15-year fixed rate mortgage average in the united states data come from?
15-Year Fixed Rate Mortgage Average in the United States data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is 15-year fixed rate mortgage average in the united states updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for 15-year fixed rate mortgage average in the united states?
In the available data, the highest value was 8.89 Percent in December 1994, and the lowest was 2.10 Percent in July 2021.
See 15-Year Fixed Mortgage Rate in context
MORTGAGE15US is tracked on the Interest Rates dashboard, alongside related indicators and historical context.
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How 15-Year Fixed Mortgage Rate connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
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Congressional Activity
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Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
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Agency Spending (FY 2019 vs FY 2025)
Net outlays by federal agency for FY 2019 and FY 2025, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.