View and compare сurrent (updated today) 15 year fixed mortgage interest rates, home loan rates and other bank interest rates. Fixed and ARM, FHA, and VA rates. Is a 15-year, fixed-rate mortgage a good choice when buying a home? Yes, provided qualification isn't an issue and there aren't better or more appropriate uses or unmet financial needs for those funds. One fairly common workaround is to select a 20-year term, or select a 30-year term and prepay the mortgage to achieve at least some term A 15-year fixed-rate mortgage is a home loan structured to pay off the amount owed over 15 years. A fixed rate means your interest rate will never change over the life of the loan.