20-year fixed mortgage rates

Find and compare the best 20-year fixed mortgage rates from 40+ lenders in your area.

Refine results

Loan purpose

ZIP code

Purchase price

Down payment

I plan to sell in:

Credit score

Property type

Home purpose

Are you a veteran?

Are you eligible for an FHA loan?

Had a foreclosure?

Filed bankruptcy?

Desired loan type

Refine results
Get the best mortgage rate.
Learn how to qualify for the lowest mortgage rates so that you can save money on your future home.

Based on your info, our trusted lenders provided these quotes for mortgage rates in .

We didn’t catch any rates for that selection. Try expanding your filters to get more rates.

Mortgage rate trends (APR)

  • 30-year fixed
  • 15-year fixed
  • 5/1 ARM
NerdWallet's mortgage rate insight
4.06%
30-year fixed
Mortgage rates for 30-year and 15-year fixed loans, as well as 5/1 ARMs, all stepped higher today, according to a NerdWallet survey of daily mortgage rates published by national lenders Tuesday morning.
See full article

Mortgage rates today (APR)

Loan typeAverage
rate
Change
1 day
Change
1 year
30-year fixed4.06%
0.01%
0.0%
15-year fixed3.46%
0.01%
0.13%
5/1 ARM3.88%
0.01%
0.57%
Data source: NerdWallet Mortgage Rate Index

20-Year Fixed Mortgage Rates

NerdWallet’s mortgage rate tool can help you find competitive, 20-year fixed mortgage rates customized for your needs. Just enter some information about the type of loan you’re looking for and you’ll get a personalized rate quote in minutes, without providing any personal information. From there, you can start the process to get preapproved for your home loan and be on your way to making offers. It’s that easy.

What is a 20-year fixed-rate mortgage?

A 20-year fixed-rate mortgage maintains the same interest rate and monthly payment over the 20-year loan period. The 20 year fixed-rate mortgage allows the borrower to pay off the mortgage faster and typically has a low interest rate when compared to common 30 year fixed-rate mortgages. But monthly payments are usually higher than with 30 year fixed-rate mortgages.

When should you consider a 20-year fixed-rate mortgage?

With lower interest rates and a shorter payoff period than a 30-year fixed-rate mortgage, and lower monthly payments than a 15-year fixed-rate mortgage, the 20-year fixed rate hits the sweet spot for some borrowers. It also offers stability and peace of mind because your monthly payment won’t change no matter what happens to inflation or market interest rates.

Learn more about fixed-rate loans: