10 year mortgage rates for purchase and refinance loans

Interest rate animationThe 10 year fixed rate mortgage can pay off your home much faster than a 15 or 30 year fixed mortgage. You pay less interest over time because the interest rate on a 10-year fixed loan is lower than a 15 or 30 year fixed loan. You build equity much faster with a 10-year loan than with a 15 or 30-year fixed loan. Choose the loan amount, loan type (refinance or purchase), 10 year loan term, or another term, and the US state to see a comparison of mortgage lenders.