Know the rate — now see the payment. The 15 Year Fixed calculator prices this term against a 30-year loan across common loan sizes.
Current mortgage rates · week of October 22, 2026
| Week | 30-yr / 15-yr fixed |
| October 22, 2026 | 7.32% / 6.68% |
| October 15, 2026 | 7.40% / 6.71% |
| October 8, 2026 | 7.40% / 6.73% |
| October 1, 2026 | 7.28% / 6.60% |
| September 24, 2026 | 7.03% / 6.42% |
| September 17, 2026 | 6.95% / 6.26% |
| September 10, 2026 | 6.76% / 6.09% |
| September 3, 2026 | 6.71% / 6.04% |
U.S. weekly averages — Freddie Mac Primary Mortgage Market Survey via FRED.
Refinancing in 15 Year Fixed
Refinance rates track purchase rates closely and usually sit a little above them — often an eighth to a quarter of a point, and higher again for a cash-out refinance. The Freddie Mac averages above (7.32% over 30 years, 6.68% over 15, week of October 22, 2026) are a survey of purchase lending, so treat them as the benchmark 15 Year Fixed lenders price against rather than a refinance quote.
Whether refinancing pays comes down to one date: divide your closing costs — typically 2 to 5% of the balance — by the monthly saving, and that is how many months you must keep the loan to break even. Sell before then and the refinance costs you money. Watch the term too: dropping your payment by stretching 22 remaining years back out to 30 can raise the total interest even as the monthly figure falls.
