Today's 20-Year Fixed Mortgage Rates

A fixed-rate mortgage is a home loan with an interest rate that doesn't change. Unlike an adjustable-rate mortgage, a fixed-rate mortgage means your interest rate – and ultimately your monthly payment – will remain the same throughout the life of the loan. Your interest rate is determined when you take out the loan. A 20-year fixed mortgage means you have 20 years to pay off your loan. The longer the length of the loan, the less your monthly payment will be, but the more interest you'll pay over the length...