10 Year Mortgage Rates
A shorter term and lower interest rate can help you be mortgage-free faster while saving lots of money in interest.
Yes, you can be mortgage-free after 10 years!
- Historically low fixed 10-year mortgage rates
- No Star One loan-related closing costs
- More home equity in a shorter amount of time
(Primary residences and second [vacation] homes only)
A mortgage with a shorter term and lower rate can help you be mortgage-free faster while saving lots of money in interest.
10-year mortgage rates and refinance
Get the same great rate for a purchase or refinance mortgage
Compare 10-year mortgage and 30-year mortgage
Purchase or refinance mortgage
Today's mortgage rate for a 10-year fixed-rate mortgage for purchase or refinance, conforming to $970,800**, is 4.375% (4.452% APR).
In comparison, our 30-year fixed-rate mortgage for purchase or refinance, conforming to $970,800**, is currently at 4.875% (4.964% APR).
Disclosures
* Fixed-rate mortgage payment examples assuming a $300,000 loan: 10-year mortgage at 4.452% APR—120 monthly payments at $3,089.70; 15-year mortgage at 4.443% APR—180 monthly payments at $2,276.10; 20-year mortgage at 4.555% APR—240 monthly payments at $1,898.10; and 30-year mortgage at 4.918% APR—360 monthly payments at $1,587.60. Loan payments do not include taxes and insurance.
** In most of the country, the maximum conforming loan limit for one-unit properties is $647,200. In "high-cost" areas, the maximum conforming limit may be up to $970,800. The "high-cost" areas loan limits are established annually by the Federal Housing Finance Agency (FHFA). These higher limits are designed to make homeownership more affordable in areas with the highest home prices.
*** The Jumbo Loan limit is any amount greater than $647,200 up to $5,000,000. High-Balance Conforming allows for higher loan limits beyond the $647,200 conforming limit up to $970,800 for high-cost areas as determined by the Federal Housing Finance Agency (FHFA).