Compare current 10-year mortgage rates

Written by

Jeff Ostrowski,

Edited by

Michele Petry

Updated on Feb 07, 2026

On Saturday, February 07, 2026, the national average 10-year fixed mortgage APR is 5.59 percent. The average 10-year refinance APR is 6.02 percent, according to Bankrate's latest survey of the nation's largest mortgage lenders.

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Weekly national mortgage interest rate trends

Current mortgage rates

	10 year fixed	5.53%
	15 year fixed	5.63%
	30 year fixed	6.19%

Current 10-year mortgage interest rates

As of Saturday, February 7, 2026, current 10-year mortgage rates are 5.51 percent. That's lower than the typical 30-year fixed mortgage rate, which is hovering between 6 percent and 6.5 percent but potentially could fall lower in 2025's fourth quarter.

Current mortgage and refinance interest rates

Mortgage and refinance interest rates vary based on loan term, type and other factors.

Product	Interest Rate	APR
10-Year Fixed Rate	5.51%	5.59%
30-Year Fixed Rate	6.23%	6.29%
20-Year Fixed Rate	5.96%	6.04%
15-Year Fixed Rate	5.57%	5.67%
30-Year Fixed Rate FHA	5.91%	5.96%
30-Year Fixed Rate VA	6.30%	6.34%
30-Year Fixed Rate Jumbo	6.39%	6.43%

Rates as of Saturday, February 07, 2026 at 6:30 AM

Product	Interest Rate	APR
10-Year Fixed Rate	5.94%	6.02%
30-Year Fixed Rate	6.57%	6.63%
20-Year Fixed Rate	6.36%	6.45%
15-Year Fixed Rate	5.90%	5.99%
30-Year Fixed Rate FHA	6.64%	6.70%
30-Year Fixed Rate VA	6.45%	6.49%
30-Year Fixed Rate Jumbo	6.62%	6.65%

Rates as of Saturday, February 07, 2026 at 6:30 AM

Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the five largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.

Learn more about how we collect, display and report mortgage rates.

What is a 10-year mortgage?

Unlike the more typical 30-year mortgage, which the borrower pays back over the course of 30 years, a 10-year mortgage amortizes over just 10 years. If you want to pay off your mortgage quickly while reducing how much total interest you pay, a 10-year mortgage offers a way to do just that. However, due to the much shorter timeline, your monthly payments will be much higher than they would with a longer-term loan. To find out if a 10-year mortgage is right for you, do the math using our mortgage calculator.

Should you get a 10-year mortgage?

If you’re considering a 10-year mortgage, ask yourself these key questions first:

Can you afford the monthly payment? Your payments with a 10-year loan will be substantially higher than they would be with a 30-year loan on the same house.
Do you want to pay off your mortgage faster, or would you prefer more financial flexibility?
Are there other investments where you’d rather put your money, rather than tying it up in your house?

In addition to considering these questions, be sure to weigh the pros and cons of a 10-year mortgage.

Pros of a 10-year mortgage

You could pay off your mortgage and own your home outright much sooner than you would with a longer loan term.
You enjoy a lower rate than a longer-term loan, saving significantly on interest over the life of the loan.
More of your monthly payment goes toward paying down the principal rather than paying interest.

Cons of a 10-year mortgage

Higher monthly payments may deplete funds that otherwise would be available for other financial goals, like retirement savings.
The higher payments could also limit your ability to buy a more expensive home.
There's a greater risk of struggling to make payments in the event of a job loss or decrease in income.

How to get the best 10-year mortgage rate

Strengthen your credit score: Before you even start looking for a 10-year mortgage, give your finances a checkup. If your credit score could use some boosting, take some time to improve it — a higher score will get you a better rate.
Determine your budget: Ten-year mortgages can have a high monthly payment. You’ll need a good handle on how much house you can afford.
Know your mortgage options: Before deciding on a 10-year mortgage loan, research different types of mortgages to be sure you're making an informed decision.
Compare rates and terms from several lenders: Rate-shop with at least three different banks or mortgage companies to find the one that can offer you the best deal. Read lender reviews before making your selection, to find out what other customers have to say about the company.

FAQs

There are many different types of mortgage loans. If you're not sure a 10-year mortgage is right for you, consider these alternatives:
- 30-year or 15-year fixed-rate mortgages: Like a 10-year mortgage, 15-year and 30-year fixed-rate mortgages offer a predictable payment over the loan term. While their longer loan terms mean your monthly payment will be lower, you’ll pay more in interest over the life of the loan than you would with a 10-year loan.
- Adjustable-rate mortgage (ARM): An ARM and a 10-year loan both typically have lower interest rates. However, the ARM rate is variable, so it’ll change after the initial lower-rate period ends — it could go up or down, depending on market conditions.
- Extra payments: If you can’t manage the higher payments on a 10-year loan, you could instead take out a longer-term loan and then pay off your loan in less time by making additional payments. You might do this by paying a little extra each month, paying biweekly or paying an additional lump sum when you can.
- Refinance: If you already have an existing mortgage, and rates are lower now, you might be able to refinance it to lower your rate. Keep in mind, though, that refinancing will incur closing costs — so make sure you're saving enough to make the refi costs worth it.
The rate you get on a 10-year mortgage depends primarily on your credit score. Lenders also look at the size of your down payment, as well as your income, assets and debt. More broadly, mortgage rates move with the overall economy. While the Federal Reserve doesn’t directly control mortgage rates, its policy does guide the interest rate environment.

Sometimes, the rates for 10-year mortgages can be higher than those for 15-year mortgages, even though the shorter term of a 10-year loan presents less risk to the lender. That’s because 10-year mortgages are a niche product compared to 15-year loans.

Written by

Jeff Ostrowski Jeff Ostrowski

Writer and Housing Market Analyst