Compare 30 Year Fixed Mortgage Rates for Feb 9, 2026
A 30-year fixed-rate mortgage is America's most popular home loan, offering predictable monthly payments that never change over the entire loan term. This stability makes budgeting easier and protects you from rising interest rates, though you'll pay more interest overall compared to shorter terms.
Best for buyers planning to stay in their home long-term who prioritize lower monthly payments over minimizing total interest. The extended timeline also allows for gradual equity building while maintaining financial flexibility for other investments or expenses.
Advantages
- ✓Lowest monthly payment compared to shorter terms
- ✓Rate locked in for entire 30 years
- ✓Budget flexibility for other investments and expenses
- ✓Option to pay extra toward principal anytime
Considerations
- •More total interest paid over loan lifetime
- •Slower equity building in early years
- •Slightly higher rates than 15-year fixed
- •Long-term commitment to property