The difference between 15 Year Fixed mortgage rate and thirty year fixed mortgage rate is you could refinance mortgage for 15 years or 30 years. for 15 YearFixed mortgage rate mortgage,the rate is a litte low,but for the same loans, your monthly payment must be higher than thirty year fixed mortgage ratemortgage.for many home buyers, the thirty year fixed mortgage rate mortgage may be their best choice.

when you want to refinance  a thirty year fixed mortgage rate mortgage,you also could reduce your monthly payment.at the present lowest mortgage rate,it is thebest time for you to refinance you home.

you could find the National Mortgage Rate as following to make a good Decision before you first time to buy your home or refinance your home.

15 Year Fixed mortgage rate:   Today: 4.566%  Last Week: 4.749%.
30 Year Fixed mortgage rate: Today: 5.049%  Last Week: 5.284%.
1 Year ARM mortgage rate:        Today: 3.474%  Last Week: 3.569%.
5/1 Year ARM  mortgage rate:  Today: 3.630%  Last Week: 3.784%.

you also can find the National Mortgage Rate Trends as above pictures to show clearly.

Red line is for thirty year fixed mortgage rate,Blue line is for 15 Year Fixed mortgage rate,green line is for 5/1 Year ARM  mortgage rate,another one is for 1Year ARM mortgage rate. hope you have a good choice. you also could find best mortgage rate supplier in our articles.

 What Does Thirty Year Fixed Mortgage Rate Mean Relate post:
Mortgage rates
Home mortgage rates
mortgage rates forecast
30 year fixed mortgage rates
The Early Mortgage Payoff Calculator