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 July 23, 2026
| Week | 30-yr / 15-yr fixed |
| July 23, 2026 | 6.58% / 5.96% |
| July 16, 2026 | 6.55% / 5.93% |
| July 9, 2026 | 6.49% / 5.82% |
| July 2, 2026 | 6.43% / 5.79% |
| June 25, 2026 | 6.49% / 5.84% |
| June 18, 2026 | 6.47% / 5.81% |
| June 11, 2026 | 6.52% / 5.84% |
| June 4, 2026 | 6.48% / 5.79% |
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 (6.58% over 30 years, 5.96% over 15, week of July 23, 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.