15 year fixed refinance rates
See current mortgage rates from some of the top lenders. Compare rates and product features instantly.
Compare rates from our lenders
How it works
How to find the right mortgage refinance loan for you
Checking rates won’t affect credit score
Get prequalified rates in 3 minutes:
It's quick and painless. Tell us a little bit about you and your home to get accurate prequalified rates without impacting your credit score.
Compare rates from multiple lenders:
View the interest rate and cost breakdown of each loan to choose the best lender and loan product for you. Need help? Our mortgage team is not commissioned, so they're always on your side.
Upload documents on Credible:
We take the stress out of refinancing by automating the document collection process, keeping you updated on the status of your application every step of the way.
Finish your loan with us:
With Credible, you can complete the whole refinance process online. We have a team of dedicated mortgage experts ready to help you if you need it.
What is a 15-year mortgage refinance
With a 15-year fixed mortgage refinance, you can refinance your existing mortgage to take advantage of lower rates. The new loan will have different terms than your old one, including interest rate, monthly payment, and loan term.
With a 15-year refinance, rates tend to be lower than loans with longer loan terms, so you can save money over the length of your loan. And, you can pay off your loan sooner.
PROS
Advantages of a 15-year fixed mortgage refinance rate
Lower interest rate:
By opting for a shorter term, you’re eligible for lower interest rates than you’d get with a 30-year fixed mortgage refinance.
Earlier payoff date:
When you select a 15-year fixed mortgage refinance, you’ll be able to pay off your mortgage faster.
CONS
Disadvantages of a 15-year fixed mortgage refinance rate
Higher monthly payments:
With a shorter loan term, your monthly payments might be bigger than they were before. If you’re not prepared, those higher payments might strain your budget.
Closing costs:
When you refinance your loan, you’ll have to pay closing costs. These costs can be a portion of your home loan amount, adding thousands to your loan cost. Keep in mind, though, that this will typically only be a disadvantage if you plan on selling your house soon. If you sell before the point when the benefits of the refinancing outweigh the closing costs, then you've lost money.
How to get the best rate for a 15-year fixed mortgage refinance
If you want to refinance your home mortgage to a 15-year refinance loan to take advantage of lower interest rates, compare rates from multiple lenders before submitting your application. Interest rates and loan terms can vary widely from lender to lender, so use Credible to compare mortgage rates from several lenders at once.
When is the right time to refinance?
The best time to refinance your home loan is when market conditions are favorable for borrowers. A good time to shop around for mortgage refinancing rates can be when the Federal Reserve lowers interest rates. With a 15-year refinance loan, you could qualify for a much lower rate on your mortgage.
Find Out:
What Is a Mortgage Rate and How Do They Work?
Financial education
What you need to know when refinancing a home
How a cash-out mortgage refinance works
Cash-out refinancing allows you to take money out of your home equity by refinancing your current mortgage for an amount that is greater than your existing loan and the refinancing loan’s closing costs. Find out more about how a cash-out refinance works.
Learn more
How to refinance your mortgage
Refinancing your mortgage can be much simpler than the process you went through when you bought your home. Here’s how to refinance your mortgage — and everything you need to know before you do.
Learn more
When to refinance your mortgage
If you own a home, it’s a good idea to reassess your mortgage periodically to see if you can find a better deal elsewhere. Check out some of the reasons refinancing your mortgage could be a good idea.
Learn more
How to qualify for the best mortgage rate
You really have to do your research if you want to get the best mortgage rate. We’ll take some of the burden off you by doing most of the legwork so you can find the best rate for your situation.
Learn more
More Refinance Rates
Still have questions?
We’re here to help!
Mon - Thurs
Fri
Sat - Sun
6am - 6pm PT
7am - 4pm PT
7am - 4pm PT
Ready to take the next step? Takes less than 3 minutes.