There are two traditional types of financing for a house, the 30-year fixed mortgage and the 15-year fixed mortgage. In a low interest rate environment, buyers may look to finance their home with a 15-year mortgage since the rates are lower than 30-year mortgage rates and they will capture more equity in the house faster. A mortgage rate should be no more than 25% of your take-home pay. The average 15 Year Mortgage Rate was 6.07 as of July 25, 2024.
See for yourself how our web-based terminal experience provides the analysis and insight you need—and go beyond with our future-focused tools for stock picking, screening, and charting, including the predictive power of the Zacks Rank.
No charge | No obligation | No credit card
Explore award winning Zacks research plus our powerful analytic tools, including advanced charting, equity screening, backtesting, and much more.