Today's 15-year fixed mortgage rates
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Current mortgage rates
Example rates based on a home in
60629 (Chicago, IL)
Example rates based on a home in
6.000%Interest rate 6.320%APR
These example purchase results are based on a $350,000 loan using a 15-year fixed rate conventional loan for ZIP code 60629 with 2.017 discount points.
Rates as of 10:57 AM ET, November 10th, 2026.
Purchase rates
Refinance rates
How our 15-year home loan works
A Chase 15-year mortgage offers many benefits that help make homeownership possible with financing options available on primary, secondary and investment properties.
Lower fixed interest rate
- Generally lower rates compared to 20- or 30-year loans
- Rate stays the same over the life of the loan
- Budget easier with a consistent rate and predictable monthly payments
Sooner loan payoff
- When purchasing a new home you can own it in half the time of a 30-year mortgage
- Equity may build up faster
- Refinance from 30- to 15-year fixed to potentially pay less total interest and pay off the loan sooner
Low down payment for new home purchases
- Down payments as low as 3%
- Can use gift funds to help
Flexible repayment options
- Accelerated pay-down options available to cut interest over the loan term
- No prepayment penalty on primary or secondary mortgages
Why choose Chase
Rate discount up to 1%
With our Relationship Pricing Program, you may be eligible for a rate discount based on new and existing balances when buying a new home or refinancing. Max rate discounts apply.
Guaranteed on-time closing for new purchases or get $5,000
If you’re buying a new home, you may be eligible for the Chase Closing Guarantee. We promise an on-time closing for eligible products in as soon as three weeks or you’ll get $5,000, if you qualify.
Get up to $5,000 in grants when purchasing a new home
In select areas, the Chase Homebuyer Grant℠ provides up to $5,000 that’s first applied to lower your interest rate, if you qualify.
Explore our 15-year mortgage options
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FAQs
A 15-year fixed-rate mortgage is a home loan repaid over 15 years with an interest rate and monthly principal-and-interest payment that stay the same for the life of the loan.
This article gives you a more in-depth review of 15-year fixed-rate mortgage loans.
A 15-year fixed mortgage offers you the chance to pay less interest because 15-year rates are often lower than 30-year rates, build equity faster due to the quicker amortization schedule (which can help if you refinance later) and own your home sooner if you make full, on-time payments, potentially increasing your long-term financial flexibility.
We explore more of the benefits of 15-year fixed-rate mortgages in this article.
Qualifying for a 15-year fixed mortgage is generally similar to a 30-year loan: lenders typically evaluate your credit score, debt-to-income (DTI) ratio, down payment, income history and ability to cover closing costs, and may request documents such as bank statements or tax returns; exact requirements vary by lender and loan type, but standard underwriting guidelines apply.
If you'd like, you can learn more requirements for a 15-year fixed-rate home loan.
A 15-year mortgage can help you pay less interest (often lower rates than a 30-year loan and fewer years of interest), own your home sooner and build equity faster because more of each payment goes toward principal, which can be useful for options like a cash-out refinance or selling. The tradeoffs are higher monthly payments, which can reduce how much you're able to borrow by increasing your debt-to-income (DTI) ratio — especially in higher-priced markets. It may also make the loan harder to qualify for, since lenders may view the higher payment and elevated DTI as added risk and potentially charge a higher rate.
You can learn more about the differences between 15- and 30-year home loans in this article as you make your decision.
Learn more about 15-year mortgage loans
Quick overview and how to apply for a 15-year fixed mortgage
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