Current Trends in 15-Year Fixed Mortgage Rates

Rate Fluctuations

Recent months have seen increases in mortgage rates due to inflation and Federal Reserve policies. However, 15-year fixed rates remain lower than 30-year options, making them a competitive choice for faster homeownership.

Influencing Factors

Economic conditions, inflation, and Fed rate hikes are influencing the current rise in mortgage rates. Homebuyers should monitor these factors closely when considering a 15-year fixed mortgage.

Why Lock in a 15-Year Fixed Rate Now

Despite rising rates, locking in a 15-year fixed mortgage can help you secure a lower rate and save thousands in interest over time compared to longer-term loans.

Expert Help Available

Navigating mortgage rates can be challenging. Our team at ALT Financial offers expert guidance to help you find the best 15-year fixed mortgage rate for your needs.